In the January-September period of this year, the aggregate shipbuilding output in China amounted to 29.36 million dead weight tons (dwt), up 6.7 percent year on year, the same growth compared to that recorded in the first eight months of the year, as announced by the China Association of the National Shipbuilding Industry (CANSI).
In the given period, China’s new ship orders amounted to 19.47 million dwt, decreasing by 27.4 percent year on year, 10.5 percentage point slower than the drop of 37.9 percent in the January-August period. As of the end of September, ship orders on the books of Chinese shipbuilding enterprises totaled 79.41 million dwt, down 8.2 percent year on year, 2.2 percentage points faster than the decline of 10.4 percent in the January-August period.
In the January-September period this year, the aggregate shipbuilding output for export orders in China accounted for 93.7 percent of total output.