Shipbuilding output, new contracts, and orders on hand of China maintained double-digit growth in the first half of this year.
Newbuilding orders
Chinese shipbuilding yards received 55.22 million dwt of newbuilding orders in the first half of 2024 up 43.9% year-on-year buoyed by tanker orders, including VLCCs, and resurgence in container ship orders.
New contracts at Chinese yards have pushed the total orderbook to 171.55 million dwt up 38.6% year-on-year.
Shipbuilding export volume, newly-received export shipbuilding orders and export orders on hand accounted for 89.1%, 93.5% and 93.6% of national volume respectively. Total ship export value was $20.67 billion.
China reinforced its position
China has reinforced its position as the world’s largest shipbuilding nation. As the end of June, China’s shipbuilding output, newly received orders and orders on hand accounted for 55%, 74.7% and 58.9% of the global shipbuilding market share.
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Source: Seatrade
