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Chinese yard newbuildings orders down 40% in first 10 monthsChinese yard newbuildings orders down 40% in first 10 months

Newbuilding orders at Chinese yards are down nearly 40% year-on-year to the end of October, and output from existing orders has also declined.

Katherine Si, China Correspondent

November 25, 2022

1 Min Read
cssc chengxi  (002)
Photo: CSSC

Shipbuilding volume of Chinese yards was 30.87m dwt for the first ten months of this year, declining 3.6% year-on-year.

Newly-received shipbuilding orders were 37.4m dwt, declining 39.2% year-on-year. Orders on hand were 104.4m dwt as the end of October, an increase of 6.5% year-on-year.

Shipbuilding export volume was 25.92m dwt, dropping 13.4%; newly-received export shipbuilding orders were 33.88m dwt,declining 39%; export orders on hand were 93.37m dwt, growing 6.6%, accounting for 84%, 90.6% and 89.4% of national volume respectively. 

The total shipbuilding export value was $17.58bn, dropping 2.2%. Bulk carriers, tankers and containerships were the three major export ship types. 

During Jan-October, China’s shipbuilding output, newly received orders and orders on hand accounted for 45.8%, 54.3% and 48.7% respectively in global shipbuilding market. 

Fifteen major shiprepair yards have repaired 2,651 vessels in the first ten months, only a slim 1% increase year-on-year.

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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