In the first quarter of 2011, Jiangsu shipbuilding industry kept its rapid growing momentum and three shipbuilding indices took the lead nationally again.

Jiangsu combined newbuilding output hit 91 vessels of 5.218m DWT and grew by 13.5% against the same period of last year, occupying 14.7% of the world total and 36.1% of Chinese total respectively.  Export ships account for 90.4% of the total output.

In the first three months, the province’s new orders stood at 66 vessels and 2.924m DWT, growing by 10.2% year-on-year. And the province accounted for 15.1% globally and 26.8% nationally in volume and tonnage respectively.

Till the end of March, Jiangsu’s orderbook has reached 1397 vessel with 72.07DWT and increased by 10.2% compared with the previous year. The province possessed 16.0% globally and 37.9% nationally in volume and tonnage respectively.

Jiangsu Provincial Economy and Information Technology Commission official said that currently new orders were dominated by big shipyard. Many local shipyards are paying more attention on developing new ship types and market to adapt to new international standards and regulations.