Recent orders for high-capacity containerships and the world’s largest LNG bunkering vessel underscore China’s growing influence in the global shipbuilding industry. As major players like Seaspan and Ibaizabal continue to partner with Chinese shipyards, the country solidifies its position as a global leader in newbuild tonnage, even amid geopolitical uncertainties and policy shifts.
Seaspan Expands Fleet with Energy-Efficient Containerships
Seaspan, the world’s largest independent containership tonnage provider, has placed a significant order for a series of 8,300 TEU vessels. These ships are designed to be versatile, suitable for both regional and long-distance operations, and focus on fuel efficiency—an increasing priority in today’s decarbonising maritime sector. This deal strengthens Seaspan’s relationship with CSSC yards, adding to its earlier orders of 15,000 and 13,600 TEU ships, as well as a post-panamax series, reflecting a robust, forward-looking fleet strategy.
World’s Largest LNG Bunkering Vessel Commissioned
A separate milestone was achieved with the order of an 18,600 cubic meter LNG bunkering vessel by Spain’s Ibaizabal, to be operated by TotalEnergies. Developed by Hudong-Zhonghua Shipbuilding, this vessel is now the largest of its kind globally.
It features cutting-edge technology, including a GTT Flex containment system and an impressively low boil-off rate of 0.16% per day, highlighting China’s innovation in the clean fuel supply chain. This order marks the second collaboration between the two companies in LNG infrastructure.
Chinese Shipyards Lead Global Market Despite Policy Risks
According to recent data, Chinese shipyards received 54 newbuilding orders in April, accounting for 57.8% of global market share by DWT—the highest in the world. However, looming over this success is the potential impact of the U.S. Section 301 investigation, which may affect trade relations and order flows.
While South Korean shipbuilders might benefit in the short term, experts suggest that their higher costs and limited capacity could limit long-term gains, keeping China in a dominant position for the foreseeable future.
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Source: Lloyd’s List
