Showing posts with label DSIC. Show all posts
Showing posts with label DSIC. Show all posts

Wednesday, 30 March 2022

Dalian Shipbuilding Industry Company bagging ship building contracts

On March 30, 2022, Chinese financial service provider, CITC Financial Leasing placed an order at Dalian Shipbuilding Industry Company (DSIC) for the construction of 10 bulk carriers. 

The contract is for 65,000 dwt vessels with a new generation design independently developed by Shanghai Ship Research and Design Institute.

They will be equipped with energy-saving ducts and other devices. The nautical mile fuel consumption of the vessel will be significantly improved comparing with similar type of ships. The energy efficiency index is 25% lower than the Chinese domestic baseline.

Upon delivery, the vessels will be charted to a domestic shipping company, servicing for national energy resources transportation among domestic coastal areas and Yangtze River region.

It may be recalled that on March 14, 2022 DSIC had inked contracts with two European owners for the construction of up to six containerships. DISC has entered into shipbuilding contracts with Germany-based AL Maritime Holding and Greek owner Danaos for the construction of two 7,100 teu containerships and two plus two 7,100 teu containerships, respectively.

These vessels are designed by SDARI, with length of 255 meters and width of 42.8 meter, meeting the latest requirements of Tier III and EEDI phase III.

With the addition of the new deals, DSIC will have order on hand for the same type of 7,100 teu containerships reaching up to 10.

Peeping into not so remote history shows DSIC had won a contract to build two 7,500 cu m LNG powered CO2 carriers for Northern Lights, an Equinor, Shell and TotalEnergies joint venture.

The three parties are developing infrastructure to transport CO2 from industrial emitters by ship to a receiving terminal in Norway.

Independently developed by DISC, the vessels will be around 130 meters length, 21.2 meters width. The first of the vessels is expected to be delivered in the first quarter of 2024.

As well as LNG power, the vessels will also apply wind-assisted propulsion system and air lubrication to reduce carbon intensity by around 34% compared to conventional systems.

The vessels will be registered in Norway and classed by DNV.

Dalian Shipbuilding Industry Company

Dalian Shipbuilding Industry Company (DSIC) was formed in December 2005, as the result of a merger between Dalian Shipbuilding Industry Company and Dalian New Shipbuilding Industry Company, and is the largest shipbuilding company in China. It is owned by China Shipbuilding Industry Corporation, which is one of the two state-owned enterprises that came into being under the directive of the China State Council of 1999, the other being China State Shipbuilding Corporation.

While the former corporation is listed on the Shanghai Stock Exchange, the latter is not (yet) listed. Separately, the People's Liberation Army Navy owns military ship yards, such as in Lushun, Dalian, Liaoning.

DSIC located on two shipyards with a total of 3,400,000 square meters of land and 15,000 employees. Its revenue in 2006 exceeded CN¥10 trillion which puts itself as the No. 1 shipbuilding company in China, exceeding Shanghai Waigaoqiao Shipbuilding Industry Company.