According to the database of Clarkson, global new orders in H1 fell by 24% to 38.15m dwt and order backlog totaled 429m dwt, declining by 12.3%. The continuing downturn of shipping market finally drove global shipbuilding industry to “order draught”.

However, the shipyards like Maple Leaf Shipbuilding in Taizhou are occupied with abundant orders. It is understood that Maple Leaf Shipbuilding is to deliver 8 vessels this year, and other shipyards also boast bankfull workload.

How Taizhou shipyards make this in the overall sluggish environment? Chairman of Maple Leaf Shipbuilding, Ye Yueshun thinks that their strict compliance with IMO PSPC shipbuilding standards plays an important role. The IMO PSPC standards strictly stipulate the procedures of material choosing, block construction, coating, etc. Taizhou shipyards strictly follow the standards in construction.

Besides, as one of the strategically supporting industry of the province, Taizhou’s shipyards got great support from the government both in policy and finance.