During Jan - July 2011, Chinese shipbuilding industry having maintained stable growth, faced new order decrease, ship price fall and cost increase.
According to China Association of National Shipbuilding Industry's (CANSI) recent statistical data, China's shipbuilding output in Jan-Jul period has climbed to 38.46m dwt up by 9.3% from the same period last year.
Among which, 7.53m dwt was built in July and July made the best record of cumulative total and monthly shipbuilding.
However, newbuilding order during the seven month period decreased 29.2% to 23.58m dwt. Newbuilding order in July ended up 1.98m dwt, which is about 5.55m dwt lower than deliveries in the same period.
Shipbuilding output exceeding newbuilding order for nine months in a row, shipbuilders' orderbook are in a downtrend, recording 176m dwt of backlog as of the end of July, down by 6.4% from a year earlier and by 10.1% from the end of 2010.
From Jan to Jul, 1,523 of Chinese shipbuilding related companies' total value of completed products is revealed at CNY 443.1bn ($69.2bn) up 25.6% on same period last year.
Among which, newbuilding jumped 26.1% to CNY 344.6bn from the same period last year, marine equipment rose to CNY 51bn by 30.7% and repair/scrap climbed 15.5% to CNY 43.3bn.
In the same period, ship export took 84.4% of total shipbuilding with 32.46m dwt and order for export was 77.6% of total order with 18.29m dwt. Backlog for export as of the end of July was 149.7m dwt about 85% of overall orderbook.