Veson Nautical, a provider of maritime commercial management and trading software solutions, has reported that the Chinese newbuilding vessel orderbook has topped $123 billion in 2024, with container ships making around 38%
Veson Nautical, a provider of maritime commercial management and trading software solutions, has reported that the Chinese newbuilding vessel orderbook has topped $123 billion in 2024, with container ships making around 38% of total vessel orders.
Using VesselsValue data, Veson Nautical has summarized the Chinese orderbook by top Chinese ordering companies and insight into the ships currently being built at Chinese yards.
Of the top Chinese companies ordering vessels last year, China Merchants Shipping ranks first, with contracts agreed for 28 new vessels, worth $4.4 billion. This investment is mainly in the Tanker and LNG sectors, which each accounted for a share of around 33%, but also included new orders for bulkers and vehicle carriers.
(Credit: Vesson Nautical)
In second place with a spend of $3.06 billion is COSCO Shipping Lines with 18 New Panamax Container vessel orders ranging from 13,400- 14,000 TEU.
Ranking third is COSCO Shipping Development, who ordered 20 Bulkers last year, ranging from the Ultramax to the Kamsarmax sub sectors and valued at $929 million.
COSCO Shipping Bulk ranks fourth, spending $822 million on 10 new vessels including 8x Newcastlemax and 2x ore carriers, scheduled to be delivered between 2026-2028.
According to
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