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China shipbuilding output drops in first seven months of 2020China shipbuilding output drops in first seven months of 2020

China’s three major shipbuilding indexes all declined in the first seven months of this year.

Katherine Si, China Correspondent

August 21, 2020

1 Min Read
LNG carrier under construction at CSSC Jiangnan Changxing
Photo: CSSC

According to the statistics released by the Association of China’s National Shipbuilding Industry (CANSI), the shipbuilding output for the first seven months was 20.03m dwt, a decline of 9.4% year-on-year; the newly received order volume was 13.99m dwt, a decline of 4.8%. As the end of July, the orderbook on hand was 75.62m dwt, a decline of 7.7%.

Shipbuilding export volume was 18.51m dwt, a decline of 10.5% year-on-year, while newly received export shipbuilding orders were 12.62m dwt, a decline of 7.7%; the export orders in hand were 69.65m dwt as the end of July, a decline of 6.5%, accounting for 92.4%, 90.2% and 92.1% of national volume respectively.

The 75 major Chinese shipbuilding industry players posted RMB140.3bn ($20bn) main operational income and RMB930m ($133m) in total profit, a drop of 3.2% and 49.2% year-on-year respectively.

As of the end of July, China’s accomplished shipbuilding output, newly received orders and orders in hand hold 37.3%, 67.5% and 48.6% of global shipbuilding market share.

 

About the Author

Katherine Si

China Correspondent

China-based Katherine Si has worked in the maritime industry since 2008 is well-connected with local industry players including Chinese owners and yards.

Having majored in English Katherine started at news portal ShippingChina.com where she rose to become a News Editor. In 2008 she moved to work with Seatrade and has since held numerous positions including China correspondent for Seatrade Maritime Review magazine.

With extensive experience in writing, research and social media promotion, Katherine focuses on the shipping and transport sectors.

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