In the January-May period of the current year, the aggregate shipbuilding output in China amounted to 12.83 million dead weight tons (dwt), down 17.1 percent year on year, as announced by the China Association of the National Shipbuilding Industry (CANSI). In the given period, China’s new ship orders amounted to 14.38 million dwt, increasing by 83.1 percent year on year. As of the end of May, ship orders on the books of Chinese shipbuilding enterprises totaled 122.84 million dwt, down 11.1 percent year on year and decreasing by 0.2 percent compared to the end of 2015.
In the January-May period of the current year, the aggregate shipbuilding output for export orders in China totaled 11.84 million dead weight tons (dwt), down 15.9 percent year on year and accounting for 92.3 percent of the total shipbuilding output in China in the given period. Meanwhile, China’s new ship export orders in the period in question amounted to 13.59 million dwt, increasing by 104 percent year on year and constituting 94.5 percent of total new ship orders. As of the end of May, ship export orders on the books of Chinese shipbuilding enterprises totaled 116.63 million dwt, down 11.7 percent year on year and constituting 94.9 percent of total ship orders on the books of Chinese shipbuilding enterprises.