Amid global economic slump, overall Chinese shipbuilding industry turns out to be under depression. 
During the first five months, Chinese shipyards' newbuilding delivery and new order stood at 22.53m dwt and 9.54m dwt, down by 10.1% and 47.3% each, while orderbook, at the end of May, was 134m dwt, down by 27% yoy and by 10.4% on the end of 2011.
During the same period, China's delivery of export newbuildings decreased by 11.5% to 18.79m dwt and 6.84-dwt export ships have been newly ordered, down by 48.4%. As of the end of May, backlog for export ship declined by 27% y-o-y to 15m dwt.
Export ship accounted for 83.4%, 71.7% and 85.3% of China's overall newbuilding delivery, new order and orderbook, respectively.
During January-May period, export trading from China's shipbuilding-related companies above certain level reached around CNY 112bn ($17.6bn), down by 10.7% on the same period last year, of which shipbuilding industry saw a drop by 11.3% to CNY 102.6bn, while ship equipment and ship repair industries increased 2.8% and 6.6% to CNY 4.35bn and CNY 1.84bn each. Ship conversion declined by 21.5% to CNY 880m, while offshore facility construction industry sharply increased by 42.7% to CNY 780m.
Meanwhile, during the first five months of the year, 1,630 shipbuilding-related companies above certain level in China's overall production value stood at CNY 319.5bn, up by 5.1% year-on-year. Of them, shipbuilding and ship repair industries rose by 0.7% and 10% to CNY 240.6bn and CNY 7.08m each. Ship equipment and ship conversion grew by 27.1% and 24.6% to CNY 45.2bn and CNY 13.5bn. Offshore facility construction also increased by 11.4% to CNY 11.3bn.