According to the statistics released by China Association of the National Shipbuilding Industry (CANSI), China’s shipbuilding output for January to February 2021 was 7.23m dwt, an increase of 54.7% year-on-year, while the volume of newly received orders was 6.81m dwt, an increase of 105%.
At the end of February, Chinese shipyards’ orderbook on hand was 70.51m dwt, a decline of 12.2% year-on-year.
Shipbuilding export volume was 6.65m dwt, an increase of 46.8% year-on-year, while newly received export shipbuilding orders were 4.88m dwt, an increase of 50.6%. Export orders on hand were 62.26m dwt as the end of February, a drop of 15.8%.
Shipbuilding export volume, new orders for export and export orders on hand accounted for 92%, 71.6% and 88.3% of national volume respectively.
As the end of February, China’s shipbuilding output, newly received orders and orders on hand respectively accounted for 45.4%, 44.7% and 45% of the global shipbuilding market share.
Fifteen major ship repair companies completed a repairing volume of 510 vessels for the first two months, an increase of 13.3%.