Value of China newbuilding exports falls in first eight monthsValue of China newbuilding exports falls in first eight months
The export value of newly-built ships completed at China's shipyards fell sharply in the first eight months of this year as vessel deliveries slowed.

From January to August, Chinese shipbuilders generated export revenues of RMB18.86bn ($3.1bn), a drop of 30.6% over the corresponding period of last year.
In August, exports of China-built vessels were at their lowest monthly value in the past 12 months at RMB1.82bn, a plunge of 37.5% year-on-year or a reduction of RMB687m.
The main types of ships sold to foreign owners were dry bulk carriers, oil tankers and container vessels, which accounted for RMB13.49bn or 71.5% of the country's ship export values in the first eight months of 2013. The overseas sale of dry bulk carriers reached RMB8.85bn during the eight-month period, taking up 46.9% of the entire market value.
China's biggest ship export markets are Asia and Europe, with the former producing $11.72bn of sales in the first eight months and the latter scoring $2.4bn. The export values for Asia and Europe were down 21.9% and 46.3% year-on-year respectively.
Specifically, three countries that spent above $1bn to purchase China-built ships are Hong Kong, Singapore and Liberia. China sold vessels worth $4.88bn to Hong Kong, down 34.5% year-on-year; $3.17bn to Singapore, a decline of 3.9%; and $1bn to Liberia, a decrease of 46.7%.
China houses 31 provinces/cities that export vessels, and six of them attained export values of over $1bn during the first eight months. Jiangsu province came out top with export values of $4.87bn, followed by Shanghai city commanding $2.95bn and Liaoning in third position with $2.7bn.
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