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China’s new shipbuilding orders up 182.1% in first four months

yangzijiang shipbuidling (002)
China’s newly received shipbuilding order volume for the period of January-April was 27.87m dwt, a 182.1% surge year-on-year.

China’s shipbuilding output for the first four months was 12.81m dwt, an increase of 16.6%. As at the end of April, the orderbook on hand was 84.19m dwt, an increased of 4.5%, according to the statistics released by China Association of the National Shipbuilding Industry (CANSI).

Shipbuilding export volume was 12.07m dwt, an increase of 19.5% year-on-year, newly received export shipbuilding orders were 24.69m dwt, up 177%. Export orders on hand were 74.84m dwt as the end of April, a slight increase of 0.2%.

Shipbuilding export volume, new orders for export and export orders on hand accounted for 94.2%, 88.6% and 88.9% of national volume, respectively.

The 75 major Chinese shipyards posted a total revenue of RMB72.3bn ($11.3bn), a growth of 10.4% year-on-year.

As at end of April, China’s shipbuilding output, newly received orders and orders on hand accounted for 41.1%, 53.3% and 46.8% respectively of the global shipbuilding market share.

TAGS: Shipyards Asia