High-tech offers way ahead for shipyards

Jiangnan Shipyard (Group) Co Ltd, one of China's largest shipbuilders, will sign a new deal to construct five 15,000 TEU, or twenty-foot equivalent unit, dual-fuel container ships at the end of this month, its senior official said.

The deal will be valued at $750 million approximately in total, with each vessel worth around $150 million, said Hu Keyi, technical director at Jiangnan Shipyard, adding that the shipowner is CMA CGM SA, one of the world's top three container operators.

Hu, who is also a member of the 13th National Committee of the Chinese People's Political Consultative Conference, made the remarks in an exclusive interview with China Daily, on the sidelines of the ongoing two sessions.