Chinese shipbuilding industry ranks first in the world in H1

Friday, 23 July 2010 13:57:02 (GMT+2)

Clarkson, the British-based agency specializing in the dynamic analysis of the shipbuilding and marine market, has reported that the Chinese shipbuilding industry is now ranked first in the world as regards the main three indexes which are considered to be the most important parameters in the shipbuilding market, i.e., contracting, backlogged volume and deliveries.

As stated by Clarkson, during the first half of 2010 China's deliveries of new vessels reached 8.01 million compensated gross tons (cgt), more than South Korea's volume of 7.48 million cgt. Meanwhile, the contracting and backlogged volumes in the Chinese shipbuilding industry came to 5.02 million cgt and 53.31 million cgt respectively, both exceeding the corresponding figures for South Korea.

With support from the Chinese government, China's domestic shipbuilding industry has recovered after the economic crisis and achieved rapid development in the past year. The agency expects that the Chinese shipbuilding industry will maintain its first place up to the end of the current year despite the revival of the South Korean shipbuilding market.

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