On April 29, China Shipbuilding Group Co., Ltd. and Qatar Energy Company (QataRenergy) held a signing ceremony for the construction of 18 of the world's largest 271,000 cubic meter Q-Max liquefied natural gas (LNG) carriers.
According to news from China Shipbuilding Group China Heavy Industries on May 12, recently, Dalian Shipbuilding, a subsidiary of China Shipbuilding Group, successfully signed a contract for the purchase and sale of propellers for 10 sets of 24,000 TEU LNG dual-fuel container ships, with a total contract amount exceeding 100 million yuan, breaking the situation where the box-boat propellers have been monopolized by foreign propeller manufacturers for a long time.
China Merchants Securities said that a single historic order came to Shanghai, indicating that China's shipbuilding industry has made excellent technical progress in the LNG carrier, a high-cost, high-quality ship type.
Considering that Hudong Zhonghua is the core sub-shipyard of the China Shipbuilding Group, other CSIC companies will also benefit from the gradual industrialization and localization process of LNG carriers.
China delivered 4.54 million CGT of new orders in the first quarter, up about 16% year on year.
In terms of CGT, China accounts for 52% of the world's new delivery orders.
Looking at core shipyard data alone, China's ships delivered a total of 787,000 CGT, up 935% year on year, up 4% month on month; China Shipbuilding Defense delivered a total of 95,600 CGT, up 104% year on year, down 23.8% month on month; China Heavy Industries delivered a total of 420,000 CGT, up 110% year on year and 72% month on month. As orders for high-value ships continue to be delivered, the profitability of shipping companies is expected to be quickly unleashed.
According to the China Investment Securities Research Report, under the large shipping cycle, as domestic listed shipping companies are delivering high-priced ship orders one after another, the cost of superimposed steel falls back to the center of history, and an upward channel for shipping companies' profits opens.
Shipbuilding-related companies:
China Shipbuilding Defense (00317): CSIC Huangpu Wenchong, a holding subsidiary of the company, is a large backbone shipbuilding enterprise under China Shipbuilding Group Co., Ltd. Huangpu Wenchong has five core factories, covering an area of nearly 3.2 million square meters, with a total pier of more than 5,300 meters. It has many large shipyards, including 12,000 ton, 25,000 ton, 70,000 ton, 150,000 ton, and 200,000 ton, providing strong support for the booming development of China's shipbuilding industry. Huangpu Wenchong is a leading international regional container ship manufacturer. The series of regional container ships represented by 1,700 boxes, 2,200 boxes, and 2,700 boxes is famous in the global market.