China’s shipbuilding output up 1.4 percent in January-May

Thursday, 20 June 2019 11:31:04 (GMT+3)   |   Shanghai
       

In the January-May period this year, the aggregate shipbuilding output in China amounted to 16.66 million dead weight tons (dwt), up 1.4 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 11.73 million dwt, decreasing by 40.0 percent year on year. As of the end of May, ship orders on the books of Chinese shipbuilding enterprises totaled 84.39 million dwt, down 5.5 percent year on year.

In the January-May period this year, the aggregate shipbuilding output for export orders in China totaled 15.58 million dwt, up 0.6 percent year on year and accounting for 93.5 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 10.85 million dwt, decreasing by 40.8 percent year on year and constituting 92.5 percent of total new ship orders. As of the end of May, ship export orders on the books of Chinese shipbuilding enterprises totaled 76.63 million dwt, down 4.3 percent year on year and constituting 90.8 percent of total ship orders on the books of Chinese shipbuilding enterprises.


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