The world's first deep sea mining vessel, which was made by Fujian Mawei Shipbuilding Ltd. [Photo/VCG]

Trade initiative helps Mawei bag major orders

Fujian Mawei Shipbuilding Ltd, the largest ship maker in Fujian province, has seen a remarkable growth in orders from overseas clients since China announced its Belt and Road Initiative, a top official said.

"We have seen an increase in the number of clients from the countries and regions participating in the B&R Initiative, including Singapore, Malaysia and the Middle East," said Li Zhenjun, chairman of Mawei Shipbuilding.

"Orders from B&R economies rose significantly to 53 ships in the past five years and accounted for more than 57.6 percent of our total orders," he said.

The company said it has received an order for 12 container vessels from Malaysian and German shipowners, two of which will be delivered by the end of this year.

The big leap of the Fuzhou, Fujian province-based company is also an example of Fujian's closer trade relations with foreign countries and regions, especially with the B&R economies.

Fujian, a coastal province with a population of nearly 39 million people, was named "the core area" of the 21st Century Maritime Silk Road. In the past a few years, improving transport links, expanding trade and investments as well as developing maritime cooperation have been high on the provincial agenda.

The latest data showed that last year, Fujian's economy grew 8.1 percent to reach 3.23 trillion yuan ($470 billion). Foreign trade contributed to one third of its gross domestic product, reaching 1.16 trillion yuan.

The province's total export-import volume with B&R economies hit 195.37 billion yuan in the first half of this year, which is a 15.9 percent increase compared with the same period of previous year.

During this process, companies like Mawei Shipbuilding have also been upgrading and transforming themselves to meet diversified demands from overseas markets.

Earlier this year, Mawei Shipbuilding successfully launched a deep sea mining vessel, which is the world's first deep sea mining vessel capable of working at a depth of 2,500 meters.