In 2024, COSCO Shipping Heavy Industry focused on green transformation, achieved new breakthroughs in the direction of order taking for bulk carriers, container ships, tankers and special ships, and signed orders for a number of new energy, green and low-carbon intelligent ships, laying a solid foundation for sustainable development.
The shipbuilding business has made breakthrough progress, successfully undertaking orders for 63 ships, covering a wide range of ship types such as bulk carriers, container ships, methanol dual-fuel ore carriers, oil tankers, gas carriers and so on. Among them, the high-end, green and intelligent ships accounted for 67% of the annual orders, the proportion of which is increasing, fully demonstrating the company’s comprehensive strength and market competitiveness in the field of shipbuilding.
Comprehensive Expansion of Ship Repair and Conversion: COSCO Shipping Heavy Industry has been actively expanding its high value-added business, undertaking projects such as retrofitting of desulfurization towers, energy saving and emission reduction, new energy conversion, LNG/LPG repair and repair of luxury cruise ships, etc., thus expanding the scope of its business and continuously improving its service capacity.
The marine industry has been refined and strengthened: COSCO Shipping Heavy Industry seized the market hotspots and signed a series of orders for shuttle tankers and high-end wind power installation vessels to consolidate its leading position in the market segments.
Meanwhile, COSCO Shipping Heavy Industries has opened a precedent of FSO EPC construction to broaden the scope of offshore business. In addition, COSCO Shipping Heavy Industry also actively expanded new customers and undertook high-end offshore support ship projects, adding new growth points for the offshore business.