CSSC Holdings(SH:600150) Sou Hu Cai Jing·2026-01-04 23:15Core Viewpoint - The delivery of the "Kai Tuo" oil tanker, the world's first 300,000-ton ultra-large crude oil carrier powered by domestically produced methanol dual-fuel technology and equipped with an intelligent liquid cargo control system, marks a significant advancement in China's shipbuilding industry, emphasizing green and intelligent maritime solutions [1][4][15]. Group 1: Vessel Specifications and Innovations - The "Kai Tuo" tanker measures approximately 333 meters in length and 60 meters in width, with a deck area equivalent to three football fields, capable of carrying about 2.1 million barrels of crude oil [1][11]. - The vessel features a dual-fuel main engine that allows for flexible switching between traditional fuel and methanol, significantly reducing carbon emissions by 92%, sulfur emissions by 99%, and particulate matter by 90% [4][6]. - The "Kai Tuo" is designed as a shallow-draft vessel, with a loaded draft depth nearly one meter less than conventional ultra-large oil tankers, enhancing its ability to navigate through shallow waterways like the Strait of Malacca [10][11]. Group 2: Technological Challenges and Achievements - Integrating a methanol fuel supply system into the "Kai Tuo" presented significant design challenges due to space constraints and the corrosive nature of methanol, requiring careful selection and treatment of materials [8][6]. - The intelligent liquid cargo control system automates loading and unloading processes, allowing for optimized operational efficiency and safety, which previously required extensive manual monitoring and operation [11][10]. - The successful domestic development of the methanol fuel supply system represents a milestone for China's shipbuilding capabilities, showcasing the transition from reliance on foreign technology to independent innovation [8][14]. Group 3: Industry Context and Future Outlook - China's shipbuilding industry has maintained the world's largest market share for 16 consecutive years, with over 60% of new ship orders globally by 2025, indicating a strong position in high-value, high-tech shipbuilding sectors [14][15]. - The delivery of the "Kai Tuo" is part of a broader strategy to enhance China's capabilities in constructing advanced vessels, including LNG carriers and large cruise ships, which are considered the "crown jewels" of the shipbuilding industry [15][14]. - The company aims to continue pushing technological boundaries and improving its offerings, with plans to build 40 large oil tankers, including six LNG dual-fuel tankers for Greek shipowners [17][15].