China's shipyard and shipbuilding-related industries have been struggling with tough market and management environment this year.
According to a latest report by the China Association of National Shipbuilding Industry (CANSI), during the first ten months of this year, Chinese shipyards have delivered a total of 46.67m dwt, declined by 15.5% year-on-year.
During the same period, Chinese shipbuilders contracted overall 16.42m dwt, which saw 44.8% drop year-on-year. As of the end of October, Chinese stood on 116.63m dwt orders, down by 29.5% year-on-year and by 22.2% on the end of last year.
From January to October of this year, Chinese shipyards completed delivery of 38,83m-dwt export ships, decreased by 16.8% year-on-year, and contracted a total of 13.09m-dwt export ships, dropped by 41.4% as well. Orderbook for export ship, at the end of October, fell by 28.5% to 97.38m dwt.
Delivery, new order and orderbook of the export ship account for 83.2%, 79.7% and 83.5% in Chinese shipyards' each of total.