According to the statistics released by China Association of the National Shipbuilding Industry (CANSI), China’s shipbuilding output for January to July 2021 was 24.18m dwt, an increase of 20.7% year on year, while the 45.22m dwt volume of newly received orders surged 223.2%.
At the end of July, Chinese shipyards’ orderbook on hand was 89.67m dwt, an increase of 18.6% year on year.
Shipbuilding export volume was 22.65m dwt, an increase of 22.4% year on year, while newly received export shipbuilding orders were 40.31m dwt, a substantial growth of 219.4%. Export orders on hand were 79.18m dwt as the end of July, up 13.7%.
Shipbuilding export volume, new orders for export and export orders on hand accounted for 93.7%, 89.1% and 88.3% of national volume respectively.
As at the end of July, China’s shipbuilding output, newly received orders and orders on hand respectively accounted for 46.1%, 52% and 46% of the global shipbuilding market share.
Fifteen major Chinese ship repair companies completed a repairing volume of 1,874 vessels for the first seven months, a slightl increase of 2.7% year on year.