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Date: 09/09/2024

China’s shipbuilding sees significant growth in H1

China’s shipbuilding industry saw significant growth in the first half of this year, reinforcing its global leading position, according to data released recently by its Ministry of Industry and Information Technology (MIIT). From January to June, China completed shipbuilding projects totalling 25.02 million deadweight tonnes (DWT), an increase of 18.4 per cent compared to the same period last year. New orders surged to 54.22 million DWT, reflecting a remarkable year-on-year growth of 43.9 per cent. By the end of June, the order book stood at 171.55 million DWT, up 38.6 per cent from the previous year. MIIT data also demonstrates China’s dominant position in the global shipbuilding market. In the first half of this year, the country’s shipbuilding completions, new orders and order book as measured by DWT accounted for 55 per cent, 74.7 per cent and 58.9 per cent of the global totals, respectively, as per a report.
 
Source: Exim News Service: Beijing, Sept. 8 



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