Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

New orders continue to pick up at China’s shipyards in first seven months

New orders continue to pick up at China’s shipyards in first seven months
China’s shipbuilders continued to see a pick up in newbuilding orders over the first seven months of this year, according to statistics released by China Association of the National Shipbuilding Industry (Cansi).

From January to July 2016, Chinese shipyards received new shipbuilding orders totalling 17.68m dwt, an increase of 26.2% compared to the same period of 2015, Cansi figures showed.

Approximately 93.3% of thew new orders, however, were concentrated in the hands of 51 leading Chinese yards, as defined by Cansi, as they took up 16.5m dwt of the new tonnage order.

In completed tonnage, Chinese shipbuilders produced 19.2m dwt of vessel capacity in the first seven months, a decrease of 15.4% compared to the previous corresponding period. Again, the 51 leading yards commanded the lion’s share with 17.78m dwt in completed tonnage.

Up until 30 June 2016, the shipbuilders’ order backlog stood at 117.28m, a fall of 14.2% compared to year-ago level and a drop of 4.7% compared to end-2015 level, according to Cansi data.

The association also monitors 94 main Chinese yards which registered a completed job value of RMB238bn ($35.8bn) in the first seven months, down 2.5% year-on-year. Among the total completed value, shipbuilding took up RMB110bn, equipment accounted for RMB17bn and repair on RMB6.8bn.

The 94 main shipyards also logged a combined revenue of RMB166bn in the January-July 2016 period, a decrease of 4% year-on-year, and a profit of RMB2.5bn, down 26.5%.