China’s top shipbuilder gets its largest contract as demand for huge container ships surges back
The China State Shipbuilding Corporation has won its biggest ever contract – worth over 10 billion yuan ($1.52 billion) – to make a fleet of skyscraper-sized cargo ships, as global trade recovery boosts demand for the vessels.
The shipbuilding giant is set to construct 13 new cargo vessels, which can carry 16,000 standard containers or twenty-foot equivalent units (TEU). The container ships will be about 366 meters long and 51 meters wide, meaning that if the vessels stood vertically, they would be bigger than the Eiffel Tower, as tall as the Bank of America Tower in New York, or reach almost as high as the Empire State Building.
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CSSC collects largest boxship order yet April 5, 2021, by Jasmina Ovcina
China State Shipbuilding Corporation (CSSC) has won its single largest contract for the construction of large containerships worth over CNY 10 billion ($1.52 billion).
The Chinese shipbuilding major said that the order covers the construction of thirteen 16,000 TEU LNG-ready containerships.
The construction work will be split between the company’s subsidiaries Dalian Shipbuilding Industry (7 ships) and Guangzhou Shipyard International (6 ships).
The series will be powered by WinGD’s main engine, manufactured by China State Shipbuilding Corporation under a licence agreement with the Swiss-engine producer.
CSSC did not disclose the name of the shipowner behind the order, however, market reports have linked Swiss-based MSC to the contract.
Seaspan to buy 8,500 TEU scrubber-fitted boxship pair April 5, 2021, by Naida Hakirevic
Seaspan Corporation, a subsidiary of Atlas Corp., has entered into an agreement to acquire two 8,500 TEU scrubber-fitted containerships.
As informed, the vessels are anticipated to be delivered during the second quarter of 2021.
They will be fixed on a long-term charter with an unnamed liner company.
The vessels are anticipated to be financed from additional borrowings as well as cash on hand. As of December 31, 2020, Seaspan’s global fleet consisted of 127 vessels and approximately 1,073,200 TEU.
Beginning in December 2020, and along with the two vessels announced today, Seaspan has announced the addition of a total of 597,000 TEU represented by 41 vessels, including 37 newbuild vessels, and the acquisition of four vessels in the secondary markets, increasing total capacity to 1,670,200 TEU, on a fully delivered basis.
Beijing has a lot of missiles and it especially has been doubling down on anti-ship missiles.
Key point: Washington tends to get nervous about China s new missiles, which Beijing rather likes. What have China actually revealed about this new weapon?
Entering the Second World War, the United States dramatically underestimated the effectiveness of certain Japanese naval systems and operations. The tendency to look askance at Japanese naval prowess during the interwar period obviously impacted the failure to anticipate the Pearl Harbor attack. But it is less widely understood that U.S. intelligence similarly underestimated the strength of Japan’s primary naval fighter aircraft (the Zero), the dramatic effectiveness of its long-range torpedoes, as well as its dedication to mastering difficult, but essential operations such as night combat. Remarkably,