The excessive shipyard capacity in China that is drowning the shipbuilding industry needs to be further deflated by 30% from the current available capacity, if the market is to have any chance of staging a sustainable recovery.

Chinese shipbuilder figures on new orders, orderbook and earnings have gone down across the board in the first 10 months of 2016 over the year-ago period, amidst the ongoing industry slump.

The shipbuilding orderbook at China’s shipyards has continued to deflate in the first nine months of 2016 as newbuilding deals slowed amid the protracted recession of the shipbuilding industry.

China’s shipyards saw newbuilding orders rise 18.7% year-on-year in the first eight months of this year amidst the industry slump, according to figures from China Association of the National Shipbuilding Industry (Cansi).

China’s shipbuilders continued to see a pick up in newbuilding orders over the first seven months of this year, according to statistics released by China Association of the National Shipbuilding Industry (Cansi).

Fifty-one leading Chinese shipyards, mostly subsidiaries of the two state-owned shipbuilders China Shipbuilding Industry Corp (CSIC) and China State Shipbuilding Corp (CSSC), have taken up 96.5% of newbuilding market share in the January to May...

China’s shipyards have continued to see newbuilding orders rise over the first four months of this year compared to year-ago level, but the new deals are virtually all concentrated in just 51 yards from among a few hundred in operation.

Newbuilding orders at China’s shipyards have continued to shrink in the first two months of 2016 as the industry struggles with one of the toughest downturns in history.

China’s ailing shipbuilding sector is expected to face a tougher year in 2016 due mainly to the continuing supply-demand imbalance in global shipping and newbuilding prices likely to decline further, according to China Association of the National...

Chinese shipyards have concluded a tough year in 2015 with significantly reduced new orders, which have also been increasingly concentrated in the hands of fewer shipbuilders.