Key facts
- Chinese shipbuilders secured over 30 billion yuan in orders.
- The total value of the orders is approximately $4.4 billion.
- The orders were placed at the Posidonia maritime exhibition.
- The orders are for new-energy vessels.
- State-owned CSSC received orders for approximately 20 ships.
- The ordered ships include VLCCs, oil tankers, and feeder container ships.
- Some payments were made in yuan.
Chinese shipbuilders achieved a significant milestone at the Posidonia maritime exhibition, securing orders valued at over 30 billion yuan, which translates to approximately $4.4 billion. These orders are specifically for new-energy vessels, indicating a shift towards more sustainable shipping solutions. The state-owned China State Shipbuilding Corporation (CSSC) was a major recipient of these orders, with contracts for approximately 20 ships. The diverse fleet includes very large crude carriers (VLCCs), oil tankers, and feeder container ships. A notable aspect of these deals is the inclusion of payments made in yuan, signaling an increasing acceptance and utilization of the Chinese currency in international maritime commerce. This development underscores China's growing dominance in the global shipbuilding industry and its commitment to advancing green shipping technologies.