**CSSC Shipyards Achieve Strong Growth in 2024**
China State Shipbuilding Corp (CSSC) has reported significant performance improvements in 2024, with its three shipyards in Shanghai delivering 69 vessels and securing orders for 128 new ships. This marks a growth increase of 19% in deliveries and 70% in new orders from the previous year.
The new orders include medium to high-end models worth over 20 billion yuan ($2.74 billion), emphasizing China's position as a global shipbuilding leader. Notably, Hudong-Zhonghua Shipbuilding secured a major contract with QatarEnergy for the construction of 18 large liquefied natural gas (LNG) carriers, the largest single order of its kind.
Hudong-Zhonghua also delivered a remarkable eight LNG carriers within the year, with one vessel, the Greenergy Pearl, completed in December, eight months early. Meanwhile, Jiangnan Shipyard showcased its capabilities by delivering China's first large LNG carrier using Mark III technology, termed Al Shelila.
Shanghai Waigaoqiao Shipbuilding distinguished itself by crossing the 100 million deadweight ton threshold with the delivery of a floating production, storage, and offloading vessel, Jaguar, to SBM Offshore. The company celebrated its 25th anniversary this year and has delivered a total of 579 ships and platforms, achieving an annual completion rate of 27 ships.
Shanghai Waigaoqiao also continues its work on China's second large cruise ship, Adora Flora City, following the delivery of the first, Adora Magic City, in 2023. The development of Adora Flora City is progressing well, with completion slated for the end of 2026.