CSSC targets 4m DWT new orders

China State Shipbuilding Corporation (CSSC) aims to win newbuilding orders for 4 million DWT and deliver 4.36 million DWT this year.

In 2004, CSSC delivered 3.57 million DWT, up 64.5% on 2003, of which 73.8% were for export. Last year CSSC won new orders totalling 4.6 million DWT valued at $7.25 billion. As at the end of last year, CSSC had 13 million DWT on its order book and is fully occupied until 2008.