China State Shipbuilding Corporation (CSSC) Shanghai Waigaoqiao Shipbuilding Co Ltd has made history by becoming the first Chinese shipbuilder to surpass 100 million deadweight tons (DWT) in total ships completed. The milestone was achieved with the delivery of the Floating Production, Storage, and Offloading (FPSO) vessel “Jaguar” to Netherlands-based SBM Offshore on Thursday.
The “Jaguar” marks the 22nd vessel delivered by Shanghai Waigaoqiao Shipbuilding in 2024, allowing the shipyard to meet its full-year delivery target more than a month ahead of schedule. This achievement is particularly notable as the company celebrates its 25th anniversary this year.
Since its founding in 1999, Shanghai Waigaoqiao Shipbuilding has completed a total of 579 ships and offshore platforms, accumulating 125.87 million DWT. The shipyard has been delivering vessels at an average rate of 27 ships (or 4.76 million DWT) annually since it delivered its first vessel on June 22, 2003.
The company has built a diverse range of vessels, including large cruise ships, bulk carriers, ultra-large ore carriers (VLOC), oil tankers, container ships, ultra-large liquefied petroleum gas carriers (VLGCs), and FPSOs, among others. The 100 million DWT milestone solidifies Shanghai Waigaoqiao Shipbuilding’s position as a key player in the global shipbuilding industry.