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China sees 30% surge in shipbuilding tonnage

China sees 30% surge in shipbuilding tonnage

Shanghai: China's shipbuilding tonnage jumped 30% to 18.93m tons last year, reports Xinhua news agency. The world's third-largest shipbuilder after the Republic of Korea and Japan grabbed 23% of the world's market share, 4% higher than in 2006.

Among the total, 14.9m tons of ships in tonnage were exported to 151 countries and regions, according to the National Development and Reform Commission (NDRC). The number of exported tonnage rose 25.6% and the export value rose 51.1% to $12.24bn.

The country's new shipbuilding orders in tonnage soared 132% to 98.45 m tons last year. The figure accounted for 42% of the world total, up 12% from a year earlier. The new amount raised the total orders in tonnage the country held to 158.89m tons, 33% of the world's figure. The market share was 9% higher than in 2006.  

During the year, China State Shipbuilding Corp (CSSC) and China Shipbuilding Industry Corp (CSIC) built 6.55m tons and 4.24m tons of ships in tonnage, respectively.

The CSSC and CSIC received 23.52m tons and 16.16m tons of new shipbuilding orders in tonnage, respectively, last year. The two State-owned shipbuilding giants each had at hands 50m and 26ms of total orders in tonnage. [05/03/08]

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