News

Chinese Newbuilding Orders Surge

2013-07-22
1530

Amid recession in global shipbuilding industry in the first half of 2013, Chinese shipbuilding industry made an achievement of a new order surge by more than 110%.  
According to a report of the China Association of the National Shipbuilding Industry (CANSI), Chinese yards delivered a total of 20.60m dwt vessels in the first half of the year with a year-on-year decline of 36%, while inking new contracts for 22.90m dwt, which represents a 113.2% surge.
As of the end of June, Chinese shipbuilding industry was standing on 108.98m dwt amount of orderbook, down by 13.4%, but up by 1.9% from the end of 2012.
According to Clarkson survey, Chinese yards’ delivery, order intake and orderbook account for 39.1%, 44.2% and 43.1%, respectively, in the global market.
In the year to June, Chinese yards delivered 17.28m dwt ships for export, decreased by 34.4% from the same period a year ago, however orders for exporting ship increased by 163.3% to 21.04m dwt in total, according to CANSI.
As of the end of June, ships for export were seen to stand on 95.14m dwt amount of orderbook, down by 11.3% from a year ago.
Ships for export account for 83.9%, 91.9% and 87.3% of delivery, order intake and orderbook of Chinese shipbuilding industry, respectively.

Source:Asiasis