China's shipbuilders sailing on brighter journey | Updated: 2024-01-03 09:02
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Work proceeds on giant ships at Hudong-Zhonghua shipyard, which has more than 20,000 employees and is located on Changxing Island in Shanghai. [Photo/China News Service]

Three key shipbuilding indicators

China has maintained its top position in the global shipbuilding market in the first 11 months of 2023, with strong growth in both output and new orders, according to data from the Ministry of Industry and Information Technology.

The country's shipbuilding output climbed 12.3 percent year-on-year to 38.09 million deadweight tons (dwt) during the January-November period, accounting for 50.1 percent of the world's total.

New orders surged 63.8 percent year-on-year to 64.85 million dwt, taking up 65.9 percent of the world's total during the period.

The sector's holding orders totaled 134.09 million dwt at the end of November, expanding 29.4 percent year-on-year. The volume represented 53.4 percent of the global market share.

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