China’s shipbuilding output dropped 15.3% in the first five months

Chinese yards’ shipbuilding volume was 14.28 million deadweight (dwt) for the first five months of this year, declining 15.3% year-on-year.

Newly-received shipbuilding orders were 17.69 million dwt, declining 46% year-on-year. Orders on hand were 102.2 million dwt, an increase of 20.2% year-on-year.

Shipbuilding export volume was 12.32 million dwt, dropping 23.2%; newly-received export shipbuilding orders were 15.83 million dwt, declining 46%; export orders on hand were 90.34 million dwt, growing 19.2%, accounting for 86.3%, 89.5% and 88.4% of national volume respectively.

The total shipbuilding export value was $7.33 billion, dropping 12.7%. Bulk carriers, tankers and containerships were the major export ship types.

During Jan-May, China’s shipbuilding output, newly received orders and orders on hand accounted for 44%, 52.5% and 48.2% respectively in global shipbuilding market.