China’s shipbuilding output up 12.8 percent in Q1

Friday, 19 April 2019 11:46:46 (GMT+3)   |   Shanghai
       

In the January-March period this year, the aggregate shipbuilding output in China amounted to 9.62 million dead weight tons (dwt), up 12.8 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 4.59 million dwt, decreasing by 70.4 percent year on year. As of the end of March, ship orders on the books of Chinese shipbuilding enterprises totaled 84.28 million dwt, down 10.0 percent year on year.

In the January-March period this year, the aggregate shipbuilding output for export orders in China totaled 9.29 million dwt, up 18.8 percent year on year and accounting for 96.6 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 4.14 million dwt, decreasing by 71.3 percent year on year and constituting 90.2 percent of total new ship orders. As of the end of March, ship export orders on the books of Chinese shipbuilding enterprises totaled 76.52 million dwt, down 9.8 percent year on year and constituting 90.8 percent of total ship orders on the books of Chinese shipbuilding enterprises.


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