China’s shipbuilding output declines by 14 percent in 2018

Monday, 28 January 2019 10:33:15 (GMT+3)   |   Shanghai
       

In 2018, the aggregate shipbuilding output in China amounted to 34.58 million dead weight tons (dwt), down 14.0 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 36.67 million dwt, increasing by 8.7 percent year on year. As of the end of December of last year, ship orders on the books of Chinese shipbuilding enterprises totaled 89.31 million dwt, up 2.4 percent year on year.
In 2018, the aggregate shipbuilding output for export orders in China totaled 31.64 million dwt, down 13.6 percent year on year and accounting for 91.5 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 32.05 million dwt, increasing by 13.9 percent year on year and constituting 87.4 percent of total new ship orders. As of the end of December, ship export orders on the books of Chinese shipbuilding enterprises totaled 79.57 million dwt, up 1.1 percent year on year and constituting 89.1 percent of total ship orders on the books of Chinese shipbuilding enterprises.


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