China State Shipbuilding Corporation (CSSC) and COSCO Shipping signed an unprecedented RMB 50 billion deal to construct 87 new ships on December 8, 2025 - representing one of the largest domestic shipbuilding contracts ever in Chinese history and cementing their shipbuilding dominance amid plans for advanced cruise and nuclear-powered ships to rival Marintec China's offerings.
China COSCO Shipping Corporation and CSSC inked an historic RMB 50 billion agreement for 87 new vessels on December 8th 2025, making this order one of the largest orders ever placed to modernize their fleet. On December 18th COSCO also strengthened Hainan Free Trade Port operations due to a newly introduced Island-wide Special Customs Operation system and increased logistics efficiency and global connectivity.
China State Shipbuilding Corporation continues to dominate world shipbuilding with hydrogen energy partnerships and launching the next generation of a research vessel. CSSC signed a framework agreement with REFIRE on marine fuel cell development, and unveiled new hydrogen equipment products with the aim of achieving commercial mass production by 2027.