China’s shipbuilding output dropped 15.3% in the first five months

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Chinese yards' shipbuilding volume was 14.28m dwt for the first five months of this year, declining 15.3% year-on-year.

Newly-received shipbuilding orders were 17.69m dwt, declining 46% year-on-year. Orders on hand were 102.2m dwt, an increase of 20.2% year-on-year.

Shipbuilding export volume was 12.32m dwt, dropping 23.2%; newly-received export shipbuilding orders were 15.83m dwt, declining 46%; export orders on hand were 90.34m dwt, growing 19.2%, accounting for 86.3%, 89.5% and 88.4% of national volume respectively. 

The total shipbuilding export value was $7.33bn, dropping 12.7%. Bulk carriers, tankers and containerships were the major export ship types. 

During Jan-May, Chinas shipbuilding output, newly received orders and orders on hand accounted for 44%, 52.5% and 48.2% respectively in global shipbuilding market. 

The top five Chinese provinces and cities for shipbuilding output in the first five months were Jiangsu, Shanghai, Liaoning, Shandong and Zhejiang, which had delivered 93.5% of Chinas total shipbuilding volume. 

TAGS: Shipyards Asia
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