In the first four months, Jiangsu shipbuilding industry has been greatly depressed in the international shipbuilding slack. The three main indices of shipbuilding – new orders, orderbook, newbuilding output – have all seen great declines in the period. However, Jiangsu still takes the lead in Chinese shipbuilding market.
By the end of April this year, the shipyards in Jiangsu have delivered 144 vessels of 6.256m dwt, falling by 4.4% year-on-year in tonnage and occupying 39.9% of national total. 87.7% of the 144 ships were for export.
In the same period, Jiangsu successfully won new orders of 48 vessels and1.467m dwt, falling by 55.1% year-on-year and accounting for 19.9% for the total volume nationwide. 62.9% of the new orders were export ships.
In the corresponding time, the orderbook for Jiangsu shipyards has declined by 28.2% to 984 vessels of 51.207m dwt, of which 85.1% were for export. However, the final volume still accounts for 36.7% of national total.
Since the beginning of the year, shipowners have delayed, cancelled and stopped more new orders, which makes the conditions for shipyards more challenging. Shipyards will try every means to make sure the scheduled delivery realized in the following months of the year.