CSSC Holdings(SH:600150) Xin Hua Wang·2025-08-12 05:47Core Insights - The launch of China's first domestically built large cruise ship "Aida·Modu" marks a significant milestone in the country's shipbuilding capabilities, indicating a shift from being a shipbuilding power to a strong shipbuilding nation [1][2][3] Shipbuilding Capacity Improvement - "Aida·Modu" is 323.6 meters long, 37.2 meters wide, and has a total tonnage of 135,500 tons, featuring 2,125 cabins and the capacity to carry 5,246 passengers, comparable to European-built cruise ships [2] - In 2023, China's shipbuilding completion volume, new orders, and hand-held orders accounted for 50.1%, 65.9%, and 53.4% of the global total, respectively, ranking first in the world [3] - Chinese shipyards secured 59% of the global new ship order volume in 2023, with a total of 24.46 million compensated gross tons (CGT) [3] Deepening Cooperation in Related Fields - China's shipbuilding industry is positively impacting the global shipping market, with increasing cooperation in trade, ports, and shipping with other countries [4] - By August 2023, the fleet size of Chinese shipowners reached 249.2 million gross tons, holding a market share of 15.9%, making China the largest shipowning nation [4] - Greece has accelerated cooperation with China in shipping infrastructure, with a significant portion of new ships being built in China [4] Prosperity in Related Industries - The rapid development of China's shipbuilding industry is accompanied by a booming shipping sector, with Chinese shipyards receiving over 86% of global orders for new car carriers in 2022 [5] Green Transformation and Quality Upgrade - China's shipbuilding industry is focusing on green transformation, with a goal to produce over half of the world's clean energy-powered ships by 2025 [6] - The "Green Development Action Plan for Shipbuilding Industry (2024-2030)" aims to promote the construction of ships powered by liquefied natural gas, methanol, and other low-carbon fuels [6] - The industry is also accelerating the research and development of new transport vessels powered by liquid ammonia, liquid hydrogen, and liquid carbon dioxide [6] Government Support and Competitive Edge - The restructuring of major Chinese shipbuilding companies in 2019 has positioned them as the largest shipbuilding enterprise globally, enhancing production capacity and competitiveness [7] - The combination of reasonable pricing and improving quality has contributed to China's leading position in new ship orders globally [7]