In the January-August period of this year, the aggregate shipbuilding output in China amounted to 25.94 million dead weight tons (dwt), up 6.7 percent year on year, 5.3 percentage points above the increase rate recorded in the first seven months of the year, as announced by the China Association of the National Shipbuilding Industry (CANSI).
In the given period, China’s new ship orders amounted to 15.72 million dwt, decreasing by 37.9 percent year on year, 1.0 percentage point slower than the drop of 38.9 percent in the January-July period. As of the end of August, ship orders on the books of Chinese shipbuilding enterprises totaled 72.05 million dwt, down 10.4 percent year on year, 2.0 percentage points faster than the decline of 8.4 percent in the January-July period.
In the January-August period this year, the aggregate shipbuilding output for export orders in China accounted for 93.2 percent of total output.