China’s shipbuilding maintains leading position in Jan-Sept: ministry data
In the first nine months of this year, China has continued to dominate the shipbuilding industry, maintaining its position as a global leader in this sector. The Ministry of Industry and Information Technology released data on Friday that highlighted China’s significant achievements across various key indicators.
Record Shipbuilding Output
From January to September, China’s shipbuilding output reached an impressive 58.05 million deadweight tonnes (DWT), a remarkable 50.7 percent increase compared to the previous year. This output accounted for a substantial 63.6 percent of the global total, emphasizing China’s strong position in the industry.
Skyrocketing New Orders
During the same period, new orders for ships in China totaled a staggering 175.29 million DWT, marking a substantial 163.2 percent surge from the previous year. These new orders represented a significant 81.8 percent of the global market share, showcasing China’s dominance in securing new business in the shipbuilding sector.
Green Energy-Powered Ships on the Rise
China’s commitment to sustainability was evident in the data, with the proportion of new orders for green energy-powered ships reaching 74.1 percent of the global total. This figure represented a 5.7 percentage point increase compared to the previous reporting period, highlighting China’s focus on environmentally friendly shipbuilding practices.
The sector’s holding orders also saw a considerable increase, standing at 399.13 million DWT by the end of September, marking a substantial 64.8 percent year-on-year growth. This volume accounted for an impressive 72.4 percent of the global total, underscoring China’s strong position in the industry.
In conclusion, China’s shipbuilding industry has demonstrated remarkable growth and dominance in the global market, with significant increases in output, new orders, and a focus on sustainable practices. The future looks bright for China’s shipbuilding sector, with the potential for even greater economic benefits and a potential surpassing of historical peak achievements. China’s Shipbuilding Industry Maintains Leading Position in Jan-Sept According to Ministry Data
In a recent report released by the China Association of the National Shipbuilding Industry, it was revealed that China’s shipbuilding industry has maintained its leading position in the first nine months of the year. This data highlights the continued growth and success of the industry in the global market.
The report, which was based on data collected by the Ministry of Industry and Information Technology, showed that China’s shipbuilding industry has seen significant growth in the number of new orders received, as well as an increase in the total tonnage of ships completed. This growth is attributed to the country’s ongoing efforts to modernize its shipbuilding capabilities and improve efficiency in the industry.
“This data is a clear indication of the positive trajectory of China’s shipbuilding industry and its contribution to the growth of the industrial economy,” said Li Yanqing, vice chairman of the China Association of the National Shipbuilding Industry.
