CHINA China's shipbuilding industry registers robust growth in Q1

CHINA

China's shipbuilding industry registers robust growth in Q1

Xinhua

13:13, May 05, 2021

BEIJING, May 5 (Xinhua) -- China's shipbuilding industry saw a strong performance in the first quarter of the year while maintaining a large global share in terms of completion volume, and new and holding orders, official data shows.

File photo: CFP

The completion volume of shipbuilding in China, rising 39.8 percent year on year to 9.79 million deadweight tonnes (dwt) in the first three months, accounted for 43.4 percent of the global market share, according to the Ministry of Industry and Information Technology (MIIT).

New shipbuilding orders surged 251.7 percent from the same period last year to 17.2 million dwt, taking up 47.4 percent of the global market share.

The volume of holding orders, down 1.4 percent year on year to 78.48 million dwt by the end of March, accounted for 44.6 percent of the global market share.


Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue