China's biggest private shipbuilder Jiangsu Rongsheng Heavy Industries Co. said it had won an order to build four vessels worth 484 million U.S. dollars for Oman Shipping Co., reported Tuesday's China Daily.
BEIJING, June 23 (Xinhua) -- China's biggest private shipbuilder Jiangsu Rongsheng Heavy Industries Co. said it had won an order to build four vessels worth 484 million U.S. dollars for Oman Shipping Co., reported Tuesday's China Daily.
The deal was the biggest foreign order by a Chinese shipyard this year and also the second largest in terms of value Chinese shipbuilders clinched so far this year, only next to a 2-billion-U.S. dollar order won by Zhoushan Jinhaiwan Shipyard Co.Ltd. from a Chinese shipping company.
The four vessels will be delivered by the end of 2011 or beginning of 2012.
However, industry analysts said such remarkable new orders do not mean recovery of shipbuilding industry in China because many other shipyards in the country have not received any new order this year.
During the first five months, new orders placed with the 1,791 major shipbuilders in China decreased by 96 percent year-on-year to 1.18 million dead weight tons (DWT), among which 190,000 DWT were placed in May, according to statistics from the Ministry of Industry and Information Technology.