China’s shipbuilding output down 3.9 percent in January-February

Friday, 22 March 2019 10:21:38 (GMT+3)   |   Shanghai
       

In the January-February period this year, the aggregate shipbuilding output in China amounted to 6.37 million dead weight tons (dwt), down 3.9 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 2.35 million dwt, decreasing by 80.9 percent year on year. As of the end of February, ship orders on the books of Chinese shipbuilding enterprises totaled 85.14 million dwt, down 8.3 percent year on year.
In the January-February period this year, the aggregate shipbuilding output for export orders in China totaled 6.10 million dwt, down 2.2 percent year on year and accounting for 95.8 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 2.05 million dwt, decreasing by 81.3 percent year on year and constituting 87.2 percent of total new ship orders. As of the end of February, ship export orders on the books of Chinese shipbuilding enterprises totaled 76.97 million dwt, down 9.2 percent year on year and constituting 90.4 percent of total ship orders on the books of Chinese shipbuilding enterprises.


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