To mark the Lunar new year, Veson Nautical took a look at the Chinese newbuilding orderbook, using VesselsValue data. The infographic highlights 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 an impressive USD 4.4 bn. This investment is mainly in the Tanker and LNG sectors, which each accounted for a share of c.33%, but also included new orders for Bulkers and Vehicle Carriers.
In second place with a spend of USD 3.06 bn 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 USD 929 mil.
COSCO Shipping Bulk ranks fourth, spending USD 822 mil on 10 new vessels including 8x Newcastlemax and 2x ore carriers, scheduled to be delivered between 2026-2028.
In fifth place is China Shipbuilding Trading who placed 22 new orders last year, valued at USD 778 mil with their en bloc order of 22 Panamax newbuildings of 80,000 DWT, scheduled to be built at Chengxi Shipbuilding and delivered between 2027-2028.
Seacon Shipping Group also deserves an honorable mention, ranking second in terms of vessels numbers with 26 new orders placed, which mainly consists of Tanker newbuilding projects, valued at USD 738 mil.
