China Shipyards Win Wave of New Orders Across Bulkers and LNG Carriers

· Shipping · China · Malaysia

Chinese shipyards are racking up a series of significant newbuilding orders. China's shipowners and carmakers, including Cosco Shipping Specialized Carriers, BYD and SAIC Anji Logistics, plan to jointly invest around $2.5 billion to build 21 11,000-ceu car-carriers in domestic yards, as exports rise. Separately, Singapore-listed Yangzijiang Maritime Development has signed for four firm 82,000 dwt kamsarmax bulkers at Jiangsu Watts Energy & Engineering, with options for two more. And Malaysia's MISC is preparing five more LNG carrier newbuildings in China after securing a fresh 20-year charter award from Petronas for five LNG carriers. The orders span car carriers, dry bulk and LNG, illustrating the breadth of China's shipbuilding demand.

Why it matters：These orders underscore China's dominant and expanding position in global shipbuilding across multiple vessel types, tightening competition for Korean and Japanese yards and signaling confidence in long-term demand for car carriers, bulkers and LNG tonnage.

Key points

  • Cosco, BYD and SAIC Anji plan a $2.5 billion joint investment in 21 car-carriers.
  • Yangzijiang Maritime ordered up to six kamsarmaxes at Jiangsu Watts Energy & Engineering.
  • MISC will build five LNG carriers in China on 20-year Petronas charters.

Sources (original reporting)

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