In the January-March period this year, the aggregate shipbuilding output in China amounted to 9.17 million dead weight tons (dwt), down 4.6 percent year on year, as announced by China’s Ministry of Industry and Information Technology (MIIT).
In the given period, China’s new ship orders amounted to 15.18 million dwt, rising by 53.0 percent year on year. As of the end of March this year, ship orders on the books of Chinese shipbuilding enterprises totaled 114.52 million dwt, up 15.6 percent year on year.
In the first three months, the shipbuilding output and the new shipbuilding order volume held by China accounted for 43.5 percent and 62.9 percent of the respective overall volumes in the global market. At the end of the first three months, ship orders on the books of Chinese shipbuilding enterprises accounted for 50.8 percent of overall global ship orders.