China's shipbuilding industry continues leading position globally: ministry

BEIJING - China's shipbuilding industry maintained its leading position globally in the first half of the year (H1) as it held sway in three key aspects, the Ministry of Industry and Information Technology has said.

The completion volume of shipbuilding in China, dropping by 10.6 percent year-on-year to 17.58 million deadweight tons (dwt) in H1, accounted for 37.2 percent of the global market share.

New shipbuilding orders, up by 3.4 percent from last year to reach 12.47 million dwt in H1, took up 67.5 percent of the market share worldwide.

The volume of holding orders, down by 6.3 percent year-on-year to 76.54 million dwt in H1, accounted for 48.2 percent of the global market share.