World shipping giant orders over 50 vessels from Chinese shipyards

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Last updated at: (Beijing Time) Friday, February 27, 2004

World shipping giant orders over 50 vessels from Chinese shipyards

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World shipping giant A.P. Moller-Maersk Group said Friday in Beijing that it has so far ordered over 50 vessels from China, making the Danish-based group the largest foreign buyer of vessels built in China.

The A.P. Moller-Maersk Group signed contracts here Thursday with Dalian New Shipbuilding and Guangzhou Shipyard International to build four vessels for the group's fleet. Chinese Premier Wen Jiabao and visiting Danish Prime Minister Anders Fogh Rasmussen witnessed the signing at the Great Hall of the People in Beijing.

With the signing of these contracts, the A.P. Moller-Maersk Group has ordered 51 large ocean going vessels from Chinese shipyards since 1996, representing a value exceeding 1.5 billion US dollars.

According to the two contracts, the group will order two 29,000dwt oil tanks vessels from Guangzhou Shipyard International and two 110,000 dwt oil tank vessels from Dalian New Shipbuilding.

Tom Behrens-Sorensen, chief executive of the A.P. Moller-MaerskGroup in China, said the group has ordered over 50 vessels from China in such a short span of years, which is the best evidence ofthe competitiveness and high technical level that Chinese shipbuilding has reached in recent years.

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