China’s shipbuilding output rises by 15.4 percent in January-May

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In the January-May period this year, the aggregate shipbuilding output in China amounted to 16.47 million dead weight tons (dwt), up 15.4 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 26.45 million dwt, rising by 49.5 percent year on year. As of the end of May this year, ship orders on the books of Chinese shipbuilding enterprises totaled 117.99 million dwt, up 15.5 percent year on year.   In the January-May period, the shipbuilding output and the new shipbuilding order volume of Chinese shipbuilding enterprises accounted for 48.1 percent and 67.3 percent of the overall respective volumes globally, while as of the end of May ship orders on the books of the Chinese enterprises accounted for 51.6 percent of ship orders on the books of shipbuilding enterprises globally.

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