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Newbuild orders at Chinese yards plunge 43.1% in first seven months

Photo: CSSC Newbuild orders at Chinese yards plunge 43.1% in first seven months
A CMA CGM containership under construction at CSSC Jiangnan
From January to July, China’s newly received shipbuilding order volume was 25.72m dwt, declining 43.1% year-on-year.

Shipbuilding output was 20.85m dwt, dropping 13.8%.  As the end of July, orders on hand were 103.66m dwt, an increase of 15.6%. 

Shipbuilding export volume was 17.95m dwt, dropping 20.8%; newly-received export shipbuilding orders were 23.59m dwt,declining 41.5%; export orders on hand were 92.15m dwt, growing 16.4%, accounting for 86.1%, 91.7% and 88.9% of national volume, respectively.

China’s shipbuilding output, newly received orders and orders on hand accounted for 44.4%, 51.1% and 48.1% in global shipbuilding market.

During the first seven months, 15 main ship repair yards had repaired 1,859 vessels, declined 0.8% year-on-year.  

Affected by high temperatures this summer, production capacity at some yards in South China was reduced comparing with the same period of last year, however, the profitability of major shipyards improved. 75 major Chinese yards’ profits were RMB1.67bn for the first seven months, soared 94.2% year-on-year.

 

 

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