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Industry

China's shipbuilding sector continues to lead in global market

July 18, 2022


Abstract : China remained the world's leading shipbuilder in the first half of this year, as its market share ranked first globally in output, new, and holding orders, official data showed.

Aerial photo taken on May 20, 2022 shows a view of the Huanghai Shipbuilding Co., Ltd., in Rongcheng, east China's Shandong Province. (Xinhua/Zhu Zheng)

BEIJING, July 16 (Xinhua) -- China remained the world's leading shipbuilder in the first half of this year, as its market share ranked first globally in output, new, and holding orders, official data showed.

The country's shipbuilding output hit 18.5 million deadweight tonnes (dwt) in the January-June period, accounting for 45.2 percent of the world's total, data from the Ministry of Industry and Information Technology showed.

New shipbuilding orders, another major indicator of the shipbuilding industry, came in at 22.46 million dwt in the first six months, taking up 50.8 percent of the global market share.

By the end of June, China's shipbuilding holding orders rose 18.6 percent year on year to 102.74 million dwt, with a global market share reaching 47.8 percent, the ministry said.

Aerial photo taken on May 16, 2022 shows a very large ethane carrier (VLEC) with a capacity of 99,000 cubic meters manufactured by the Jiangnan Shipyard under the China State Shipbuilding Co., Ltd. in east China's Shanghai. (Xinhua/Ding Ting)

Workers assemble a ship engine at a workshop of CSSC-MES Diesel Co., Ltd. in east China's Shanghai, June 14, 2022. (Xinhua/Jin Liwang)

A worker is on duty at a workshop of CSSC-MES Diesel Co., Ltd. in east China's Shanghai, June 14, 2022. (Xinhua/Jin Liwang)

Workers perform welding tasks at a workshop of a shipbuilding enterprise in Wenling, east China's Zhejiang Province, June 24, 2022. (Photo by Xu Weijie/Xinhua)

Aerial photo taken on May 20, 2022 shows a view of the Huanghai Shipbuilding Co., Ltd., in Rongcheng, east China's Shandong Province. (Xinhua/Zhu Zheng)

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Keyword: shipbuilding sector

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