Key facts
- Chinese shipbuilders secured over 30 billion yuan ($4.4 billion) in orders at the Posidonia maritime exhibition.
- State-owned China State Shipbuilding Corp. (CSSC) received orders for approximately 20 new ships.
- Orders included 12 very large crude carriers (VLCCs) for Dynacom Tankers Management Ltd.
- Orders also included two 50,000-ton oil tankers for Pleiades Shipping Agents SA.
- Erasmus Shipinvest Group ordered two 1,900-TEU feeder container ships.
- Some of the orders will be settled in yuan.
Chinese shipbuilders have secured substantial orders totaling over 30 billion yuan ($4.4 billion) during the Posidonia maritime exhibition, signaling an intensifying competition with Japanese and South Korean rivals in the market for next-generation new-energy vessels.
State-owned China State Shipbuilding Corp. (CSSC) was a major recipient, announcing orders for approximately 20 new ships. These included a significant order for 12 very large crude carriers (VLCCs) from Dynacom Tankers Management Ltd. Additionally, Pleiades Shipping Agents SA placed orders for two 50,000-ton oil tankers, and Erasmus Shipinvest Group ordered two 1,900-TEU feeder container ships.
A notable aspect of these deals is that some of the payments will be settled in Chinese yuan, reflecting China's growing influence in international trade and finance.