In January 2012, Chinese yards contracted a total of nine vessels of 112,200 cgt, down by 78% year-on-year, taking 22.4% of global market.
According to the China Association of National Shipbuilding Industry (CANSI)'s recent report, Chinese shipbuilders booked overall 35.22m dwt in 2011, down by 51.9% y-o-y. About one third of Chinese yards inked no newbuilding at all. 
CANSI said that most of yards had quite satisfactory earnings in 2011, due to huge orders contracted with high price before global financial crisis in 2008.
In 2012, delivery and backlog would drop a bit, while there may not be large new orders.
Many Chinese shipbuilders are going through unexampled difficulties by new order drought and decrease in orderbook. Moreover, many of them are faced with ongoing-bankruptcy crisis without any work from the first half this year.
Furthermore, newbuilding price keeps falling, while labor costs and thick-plate price increase.