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Coronavirus effect

Chinese shipbuilding in difficulty

by Port News Editorial Staff

The Chinese shipbuilding industry is slowing down in terms of production capacity. In the first half of the year, in fact, output fell by 10.6% to 17.58 million dwt

The Chinese Ministry of Transport reveals that in the first semester the “orders in hand” portfolio was 76.54 million dwt (-6.3% compared to January-June 2019), while the volume of new orders increased by 3.4% to 12.47 million dwt.

Although the economic crisis triggered by the Coronavirus has had a strong impact on market dynamics, the Chinese shipbuilding industry maintains its world leadership, representing, respectively, 37.2%, 67.5% and 48.2% of the sector’s global market share in terms of completed units, new orders and orders in hand.

Translation by Giles Foster

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