Chinese shipbuilding orders drop 41% in first half
China’s shipbuilding production and the volume of newly received orders both declined in the first half of 2022, but the country still claims the top spot globally.
China’s National Shipbuilding Industry Association (CANSI) said China’s shipyards’ shipbuilding volume was 18.5 million dwt for the first half of this year, down 11.6 percent. from one year to the next; newly received shipbuilding orders were 22.46 million dwt, down 41.3%; outstanding orders stood at 102.74m dwt, an increase of 18.6%.
Shipbuilding export volume was 15.81 million dwt, down 11.6%; newly received export shipbuilding orders were 20.44 million dwt, down 40.2%; outstanding export orders were 91.13 million dwt, up 18.2%, representing 85.5%, 91% and 88.7% of the national volume respectively.
The total value of shipbuilding exports was $10.43 billion, down 5.7%. Bulk carriers, tankers, gas carriers and container ships were the main export vessel types, accounting for 68.2% of the total export value.
In the first six months, China’s shipbuilding production, newly received shipbuilding orders and orders on hand in deadweight tonnage accounted for 45.2%, 50.8% and 47.8% of the global market share, and gross tonnage amount accounted for 42%, 47.7% and 41.5% of global volume, ranking the country’s shipyards first in the world according to CANSI.
The association expects further external uncertainties to affect the development of the shipbuilding industry, with global shipping market activity expected to remain strong and the newbuild market expected to generate high volume in the second half of this year. year.
Source: India Shipping News