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China shipyards newbuild orderbook up 183% end Nov

Photo: Yangzijiang Shipbuilding Yangzijiang Shipbuilding.png
The three major shipbuilding indexes of China maintained growth during the first eleven months of this year, according to the statistics released by China Association of the National Shipbuilding Industry (CANSI).

For the first eleven months, Chinas shipbuilding output was 35.88m dwt, an increase of 7.9%; the newly received shipbuilding order was 63.64m dwt, increasing 182.6%.

At the end of November, Chinese shipyards orderbook on hand was 96.39m dwt, increasing 35.9% year on year. 

Shipbuilding export volume was 33.38m dwt, an increase of 11.1% year on year, while newly received export shipbuilding orders were 57.04m dwt, surged 188.5%. Export orders on hand were 85.69m dwt as the end of December, increasing 31.6%

Shipbuilding export volume, new orders for export and export orders on hand accounted for 93%, 89.6% and 88.9% of national volume respectively.

As the end of December, Chinas shipbuilding output, newly received orders and orders on hand respectively accounted for 45.5%, 53.3% and 47.8% of the global shipbuilding market share.

Fifteen major Chinese ship repair companies completed a repairing volume of 2,889 vessels for the first eleven months, dropped 5.1% year on year. 

 

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