According to the statistics of CANSI, Chinese overall ship industry has kept stable growth from January to November this year with newbuilding output maintaining the rising momentum. However, the new orders for Chinese shipyards and their order catalogs have all seen decreases in the period against slow global economy and depressed shipping market, proposing more challenges to Chinese shipbuilding industry.
In the last eleven months, China totally delivered vessels of 61.77m dwt, increasing by 8.8% against the same period of last year. The new orders in the period combined to 33.69m dwt, 47.3% down year-on-year. Dry bulk sector still dominates the market by 70.8% while boxship and tanker orders occupying 11.5% and 7.7% respectively.
With the declining new orders and rising deliveries, the orderbook has sharply fallen. Till the end of November, national order catalog stood at 162.7m dwt, 17.4% down on year-on-year basis.
It is predicted that new orders in 2012 will see further mild drop. Price for traditional ships, especially bulkers, is projected to continue the downturn while the price for high-tech vessel are likely to stay level or even see mild rise.