China - February 05, 2025 China's shipbuilding industry charts new course with eco-friendly vessels (Voice_over) China's shipbuilding industry, buoyed by technological innovation, is turning its focus to eco-friendly vessels as the country looks to retain its position as the global shipbuilding industry leader. In 2024, China's share of green ship orders reached 78.5 percent globally, covering all major vessel types. Researchers for a subsidiary of China's State Shipbuilding Corporation say smart technology and clean energy are part of the focus. (Sound_bite) Wang Lei, Head, LNG technology research institute, Hudong-Zhonghua Shipbuilding (Group) Co., Ltd.: "We are focusing on green and smart technologies. In the near future, we will launch new ship designs, including more eco-friendly vessels powered by green energy sources, such as liquid hydrogen, liquid ammonia, and liquid carbon dioxide, which will help reduce emissions and unlock new market opportunities." (Voice_over) With the global shipbuilding industry facing intensifying competition and shifting environmental regulations, Chinese shipbuilders are accelerating their technological innovation to stay ahead of the curve. (Sound_bite) Wang Lei, Head, LNG technology research institute, Hudong-Zhonghua Shipbuilding (Group) Co., Ltd.: "We have the necessary technologies in place and can swiftly begin development once we receive orders for these types of vessels. We already hold certification from classification societies, and our research and development for vessels powered by liquid hydrogen, ammonia, and carbon dioxide are now ready for market release." (Voice_over) According to recent data from China's Ministry of Industry and Information Technology, in 2024, the country's shipbuilding sector ranked first globally for the 15th straight year in completed shipbuilding volume, new orders and orders on hand. [Restriction: No access Chinese mainland]