China secured more than 70 percent of global green ship orders in the first three quarters, covering all major vessel types, according to the latest data released by the Ministry of Industry and Information Technology Thursday.
During this period, China completed 36.34 million deadweight tons (DWT) in shipbuilding, an 18.2 percent increase year on year, while securing 87.11 million DWT in new orders, up 51.9 percent. By the end of September, the total orders on hand reached 193.3 million DWT, a 44.3 percent rise, data shows.
China accounted for 55.1 percent of global ship completions, 74.7 percent of new orders, and 61.4 percent of the global holding orders, according to the data. "After the green transition, the values of the three major vessel types of bulk carriers, oil tankers and container ships are all increasing. In other words, the use of new technology and fine stewardship to improve the utilization of our capabilities is an important password for the success of Chinese shipyards," said Li Yanqing, secretary-general of the China Association of the National Shipbuilding Industry.
There are two major ways of green transformation. The first is to use new green fuels such as liquefied natural gas, methanol and liquid ammonia as ship power. The other is to achieve the effect of energy saving and emission reduction by optimizing the ship power plant and using new technologies such as adding desulfurization system.
Currently, most of the new ships produced in the Dalian Shipbuilding Industry Co., Ltd. (DSIC) are ships that run on green fuels.
"Overall, the trend of green development for new shipbuilding orders is certain, and green vessel orders account for about 60 percent of the total," said Peng Guisheng, director of marketing division under the DSIC.
China released an action plan to promote green development in the shipbuilding industry last December.
By 2025, China aims to build a preliminary green development system in the industry, according to the plan, which was released by five authorities, including MIIT and the National Development and Reform Commission.
China secures 70 percent of global green ship orders in first three quarters
