SIMIC

COSCO Shipping Specialised Carriers has taken delivery of the Green Rizhao, a 77,000-dwt general cargo ship which was certified as being built with zero carbon emissions by China Classification Society (CCS), reports New York's Marine Link.

The vessel's maiden voyage will involve transporting machinery and containers from Chinese ports to Brazil.



The news comes as China's shipbuilding boom saw the nation account for 55.7 per cent of deliveries and 74.1 per cent of orders in 2024. Its shipbuilding capabilities have advanced to include 24,000-TEU ships, LNG carriers and cruise ships such as the Adora Magic City. A second cruise ship is now under construction.



During the year, China Shipbuilding Group and Qatar Energy Group signed 18+6 contracts for the world's largest 271,000 cubic metre ultra-large LNG carriers - the world's largest single shipbuilding order record.



The nation is also positioning itself for ships with alternative fuels hand increased its market share from 31.5 per cent in 2021 to 78.5 per cent in 2024.



Earlier this month, the US Trade Representative's office found China's targeted dominance of the global shipbuilding, maritime and logistics sectors is "unreasonable" and is "actionable" under US trade law.