en.Wedoany.com Reported - On June 1, during the Posidonia Maritime Exhibition in Greece, Hudong-Zhonghua Shipbuilding (Group) Co., Ltd., under China State Shipbuilding Corporation (CSSC), together with China Shipbuilding Trading Co., Ltd., formally signed a contract with Greece's Dynacom Company for the construction of 12 Very Large Crude Carriers (VLCCs). The total contract value is nearly RMB 10 billion, with partial payment in RMB. This signing marks another collaboration between Hudong-Zhonghua and the Greek shipping magnate Procopiou family, following the delivery of two Floating Storage and Regasification Units (FSRUs) in 2021, writing a new chapter in Hudong-Zhonghua's oil tanker construction sector and comprehensively showcasing its brand appeal as a global leader in high-end shipbuilding.
The 12 VLCCs signed this time adopt the design scheme of the new-generation 307,000-ton VLCC from CSSC's 708th Research Institute. Based on standard VLCC main dimensions, the design integrates the latest advanced technologies and design specifications. The vessel features an optimized hull form adapted to the shipowner's terminal requirements, combined with efficient propellers and energy-saving devices to achieve industry-leading fuel economy. An innovative structural design scheme is adopted, achieving structural lightweight while ensuring construction convenience. The vessel is equipped with a WinGD main engine, a scrubber, and a high-pressure Selective Catalytic Reduction (SCR) system, meeting the latest International Maritime Organization (IMO) environmental emission requirements. A mature and reliable cargo oil pump system design is used, with an added heating system in the cargo tanks to meet the shipowner's personalized operational needs.
According to reports, construction of the first vessel under this project is scheduled to begin in October 2027.
During the project advancement, China Shipbuilding Trading Co., Ltd. fully leveraged the resource advantages of its main business platform, deeply coordinating with Hudong-Zhonghua and the shipowner to secure favorable commercial terms such as price, penalty indicators, and guarantee clauses, jointly ensuring the smooth implementation of the project. Meanwhile, against the backdrop of a strengthening RMB, China Shipbuilding Trading Co., Ltd. coordinated with Hudong-Zhonghua to actively negotiate with the shipowner for partial settlement in RMB, achieving dual-currency settlement (RMB and USD) for the overseas shipowner, managing the project's exchange rate risk, and maximizing project benefits. In the future, China Shipbuilding Trading Co., Ltd. will continue to play its role as "two platforms, one main force," consolidating CSSC's strength, shaping the CSSC brand, providing shipowners with the optimal one-stop "CSSC solution," and assisting in the green transformation of fleets and global shipping development.
As a flagship force in the Greek shipping industry and a key link in the global energy transportation landscape, Dynacom's renewed placement of a batch order with Hudong-Zhonghua is not only a recognition of Hudong-Zhonghua's comprehensive strength and delivery quality but also reflects the strategic judgment of leading shipowners regarding the accelerated concentration of high-end ship construction resources towards Chinese shipyards. This order strongly confirms the deep trust of the international market in Hudong-Zhonghua, highlighting China's shipbuilding excellence in the global energy maritime transport equipment track and its industry chain influence.
As a backbone enterprise in China's shipbuilding industry, Hudong-Zhonghua's product portfolio covers various high-tech, high-value-added vessel types, including large LNG carriers, ultra-large container ships, VLCCs, and multi-purpose vessels, establishing leading delivery records and mature construction systems in multiple market segments. In recent years, Hudong-Zhonghua has continuously iterated and upgraded in the fields of large LNG carriers and ultra-large container ships. Relying on its established smart factory, and with a track record of repeatedly setting world records, it has formed a comprehensive competitive advantage in the parallel construction and batch delivery of high-end vessel types. Based on profound technical accumulation and full-spectrum construction capabilities, Hudong-Zhonghua can provide global customers with comprehensive guarantees ranging from construction process breakthroughs and lean management to high-quality, on-time delivery.
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