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China claims world leading shipbuilding nation in 2021

Photo: CSSC cssc chengxi_ (002).png
China maintained its position as the world’s leading shipbuilding nation in 2021, according to the statistics released by China Association of the National Shipbuilding Industry (CANSI).

In 2021, China posted a shipbuilding output of 39.7m dwt, an increase of 3% year-on-year; the newly received shipbuilding order was 67.07m dwt, increasing 131.8%. 

According to shipbroker Clarksons the global newbuilding volume last year was 45.73m cgt, with China accounting for 22.8m cgt of that figure, putting it ahead of rival shipbuilding nation South Korea with 17.35m cgt.

At the end of December, Chinese shipbuilders orderbook on hand was 95.84m dwt, increasing 34.8% year-on-year. 

Chinas shipbuilding output, newly received orders and orders on hand accounted for 47.2%, 53.8% and 47.6% respectively of the global shipbuilding market share, increasing 4.1%, 5% and 2.9% comped with the numbers for 2020. 

Six Chinese yards made into worlds top ten shipbuilding companies list in 2021, further strengthened the nations competitiveness in global shipbuilding market. 

Chinese state shipbuilder CSSC ranked as the world’s largest in 2021, CSSC bagged 25.984m dwt shipbuilding orders, RMB130.15bn in total; delivered 206 vessels, totaling in 17.08m dwt; the orderbook on hand was 41.953m dwt, accounting for 21.5%, 20.2% and 20.5% of global market share, respectively. 

The newly received order volume of CSSC was doubled from the annual target of 2021, hitting a record high since its best performance in 2008. Among which, 75.2% of the new orders were mid-to-high ship types.

Meanwhile a move Korean shipbuilders Hyundai Heavy Industries (HHI) and Daewoo Shipbuilding & Marine Engineering (DSME) to create a new mega-shipbuilding group have been blocked the European Commission over concern in dominance in the construction of LNG carriers.