Shipbuilding completions in China continued to grow while China placed new orders with a slight decrease from January to July in 2019.

1. Three indexes of China’s shipbuilding industry saw an increase and two decreases

From January to July, China completed shipbuilding 22.11 million DWT, a year-on-year increase of 1.4%. When it comes to new orders, totaling 14.7 million DWT, down 38.9% year-on-year. And China won handling orders totaling 81.9 million DWT, a decrease of 8.4% in the same period last year as well as an 8.3% fall from the end of 2018.

In the January to July period, the export shipbuilding order reached 20.69 million DWT, up 3.3% year-on-year; In terms of new export ship orders, China garnered 13.67 million DWT, a 36.4% decrease in the same period last year; at the end of July, it totaled 74.53 million DWT, with 7.7% year-on-year decrease. To sum up, the export ships account for 93.6%,93% and 91% respectively, concerning the ship completions, new orders and handling ships.

2. Three indexes of China in the global shipbuilding market

Three indexes in China account for 36.3%, 48.4% and 43.9% of the global market from January to July.