High Shipping Costs Are Here to Stay Says Bloomberg
By Henry Ren (Bloomberg) Stubbornly high shipping expenses for businesses are getting sealed into contracts for the next 12 months, forcing companies to pass the extra costs on to consumers....
DNV GL has awarded China’s Hudong-Zhonghua Shipbuilding an Approval in Principle for the design of a 25,000 TEU LNG-powered containership which would be the largest in the world.
The international classification society made the announcement in a post to Twitter. Knut Orbeck Nilssen, CEO of DNV GL – Maritime, handed the AiP certificate to Hudong-Zhonghua Shipbuilding’s President, Chen Jun, during a ceremony at the Marintec China expo this week.
At 25,000 TEU capacity, the ship will be the largest containership in the world.
“We are very proud to cooperate with Hudong-Zhonghua on this project,” said Norbert Kray. “Hudong-Zhonghua has been a leading player in pushing the ship design envelop forward, especially for large vessels. In addition, the use of LNG is a sign of the continuing momentum for the fuel, as shipping transitions to a lower emission, lower carbon future. We look forward to supporting Hudong-Zhonghua on this project and its successful realization with ground breaking new vessels.”
Hudong-Zhonghua Shipbuilding is a subsidiary of China State Shipbuilding Corporation. In October, China approved a long-rumored merger of China State Shipbuilding Corporation (CSSC) and China Shipbuilding Industry Corporation (CSIC), its two largest shipbuilding conglomerates. The combined company, named China Shipbuilding Group, will create the world’s largest shipbuilding group by far with more than $140 billion annual revenues.
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