COSCO Shipping pointed out that this cooperation is an important measure for COSCO Shipping to continuously promote the optimization of the company's fleet structure, build a fleet of major powers, and support "national shipbuilding" based on Fujian Shipping's technical, cost and service advantages in the field of ship manufacturing, and CITIC Jinluo's strong innovation capabilities in the financial field. It is conducive to accelerating the supplementary high-quality grain transportation capacity, enhancing the global competitiveness of the company's fleet, and improving the national important material transportation capacity.

The global new shipbuilding market has cooled significantly this year. Continuing its strong performance in April, Chinese shipping companies ranked first in May, while French shipping companies rarely jumped to second place with large orders for luxury cruise ships, breaking the pattern of long-term monopoly of the top two global new shipbuilding market in China and South Korea.

Recently, Fincantieri released its first quarter 2025 financial report. In the first quarter, Fincantieri's total revenue reached 2.376 billion euros (approximately RMB 19.22 billion), a significant increase of 35% from 1.76 billion euros in the same period of 2024. All business sectors performed well, especially the revenue of the shipbuilding business increased by 39.5% year-on-year, accounting for 72% of the group's total revenue.

On April 29, COSCO Shipping Holdings Co., Ltd. issued an announcement that the 14 wholly-owned subsidiaries of its holding subsidiary Orient Overseas signed a total of 14 shipbuilding agreements with Nantong COSCO Shipping Kawasaki or Dalian COSCO Shipping Kawasaki to order a total of 14 18,500TEU methanol dual-fuel powered container ships at a price of US$220 million (equivalent to approximately RMB 1.585 billion). The total price of this transaction is US$3.08 billion (equivalent to approximately RMB 22.189 billion) and is paid in US dollars.

On April 9, local time, US President Donald Trump signed a comprehensive executive order called "Restoring America's Maritime Dominance", aiming to revitalize the weak shipbuilding industry, strengthen the maritime workforce, and expand the United States' influence in the global shipping field through a series of measures.

On December 2, Yangzijiang Shipbuilding announced that since November 7, the company has received 21 new orders with a total value of US$2.63 billion (approximately RMB 19.167 billion), including 6 LNG dual-fuel vessels. 17,000TEU container ships, 6 methanol dual-fuel 13,000TEU container ships, 4 39,000 dwt MR oil tankers, 2 4,300TEU container ships and 3 45,000 dwt bulk carriers. These new ships will mainly be delivered between 2027 and 2029.

For reference, an LNG dual-fuel 15,000-16,000 TEU containership newbuilding is currently priced at $199 million, according to Clarkson, up 4 percent from $192 million in July last year.

According to Trade Winds, Yangzijiang Shipbuilding has recently received an order for three of the world's largest 99,000-cubic-meter VLECs from Singapore's SP Chemicals (SP Chemicals). The new vessels will be delivered between 2027 and 2028, with a cost of no more than $160 million each, which puts the total amount of the order at about $480 million (about RMB 3.466 billion).

After half a month, Junzheng Group placed another large order, choosing Wuchang Shipbuilding to sign a contract for the construction of 10 chemical tankers. Together with the 10 ships previously ordered in Yangzhou Jinling, Junzheng Group has placed 20 orders in just two weeks, totaling more than 6.4 billion yuan, and continue to consolidate its domestic chemical ship "leading" position.

Into the year 2024, South Korea's largest shipbuilding group HD Hyundai order "wildly", just two months in a row won 51.5 billion yuan of new ship orders, far more than the same period in previous years, in advance of the completion of the annual order 53% of the target.