Chinese shipyards secured 34 LNG carrier orders by early July 2026, compared with 32 for South Korean yards, as limited Korean capacity affected contract allocation.
SBM Offshore has awarded SWS and CSTC a contract to construct the seventh Fast4Ward® Multi-Purpose Floater. The FPSO hull will offer storage capacity of up to 2.3 million barrels and accommodation for up to 240 personnel.
CSSC has started construction of the first QC-Max LNG carrier at Hudong-Zhonghua Shipbuilding under QatarEnergy’s record LNG ship order.
CSSC Offshore and Marine Engineering (COMEC) reported strong Q1 2026 results, with revenue rising 56.1% and profit more than doubling, supported by improved efficiency and shipbuilding milestone payments.
China Tourism Group Co., Ltd. and China State Shipbuilding Corporation Limited signed an MoU in Shanghai for a new large cruise ship project, combining tourism operations, shipbuilding, construction and operating management to strengthen China’s full cruise industry chain.
Adora Cruises floated out Adora Flower City, China’s second large domestically built cruise ship, and signed for two more vessels plus an option for a third as it prepares for delivery in late 2026 and targets wider international cruise operations.
