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

China’s two biggest shipbuilders plan merger

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.

The top five Chinese provinces and cities for shipbuilding output in the first five months were Jiangsu, Shanghai, Liaoning, Shandong and Zhejiang, which had delivered 93.5% of China’s total shipbuilding volume.

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