China’s new shipbuilding order rebound in Jan-Apr to 27.87mn dwt, up by 182.1pc from the prior-year period, of which orders for sea-going ships were 10.56mn revised gt. Shipbuilding volume rose to 12.81mn dwt, up by 16.6pc from the prior year, according to data released by the China Association of National Shipbuilding Industry (CANSI).

 

As of the end of April, hand-held ship orders were 84.19 million dwt, an increase of 4.5% year-on-year, and 18.4% from the end of 2020, of which sea-going ships were 31.7 million revised gt, and export ships accounted for 88.9% of the total.

 

In the January-April period, Ship orders in-hand were 84.19mn dwt as of April-end, up by 4.5pc from the prior period and up by 18.4pc compared to the end of 2020. Orders in-hand for sea-going ships were 31.7mn revised gt. Export orders were 88.9pc of the total orders in-hand.

 

Chinese shipbuilders led the competition, followed by Korea and Japan. China’s shipbuilding completions, new orders, and orders in hand-held orders accounted for 41.1pc, 53.3pc and 46.8pc of the global shipbuilding market share, respectively. In terms of new orders, Korea and Japan received 40.8pc and 5.2pc of the total market share.

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