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Chinese shipbuilders report 63% growth newbuild orders in Jan - Oct

Photo: Cheng Xi Shipyard CSSC Chengxi shipyard
Chinese shipbuilders have secured 61.06 million dwt in newbuilding orders in the first ten months of 2023, an increase of 63.3% year-on-year.

According to the statistics released by China Association of the National Shipbuilding Industry (CANSI), China’s shipbuilding output for January to October was 34.56m dwt, an increase of 12% year on year, while the newly received orders was 61.06m dwt.

As the end of October, Chinese shipyards’ orderbook on hand was 133.82m dwt, an increase of 28.1% year-on-year.

Shipbuilding export volume was 29.63 million dwt, an increase of 14.3% year-on-year; newly received export shipbuilding orders were 57.44 million dwt, up 69.5%. Export orders on hand were 125.56 million dwt as the end of October, increasing 34.5%. Shipbuilding volume, newly received shipbuilding orders, and orders on hand of exported vessels, accounted for 85.7%, 94.1% and 93.8% of national volume respectively.

As the end of October, China’s shipbuilding output, newly received orders and orders on hand accounted for 49.7%, 67% and 54.4% of the global shipbuilding market share.

Eighteen major Chinese ship repair yards completed a repair volume of 3,630 vessels for the first ten months, up 2.1% year-on-year.


TAGS: Asia