SIMIC

Katherine Si | Dec 22, 2020

According to the statistics released by China Association of the National Shipbuilding Industry (CANSI), China’s shipbuilding output for January to November 2020 was 33.24m dwt, a decline of 2.6% year-on-year, while the volume of newly received orders was 22.52m dwt, down 8.7%.

As at end-November, the orderbook on hand was 70.94m dwt, a drop of 11.1%.

Related: Chinese shipyard newbuilding orderbook shrinks 10%

Shipbuilding export volume was at 30.03m dwt, a decrease of 5.8% year-on-year, while newly received export shipbuilding orders were 19.77m dwt, a decline of 13.5%. Export orders on hand were 65.12m dwt as the end of November, a drop of 11.3%.

Shipbuilding export volume, new orders for export and export orders on hand accounted for 90.3%, 87.8% and 91.8% of national volume, respectively.

The 75 major Chinese shipyards posted a total revenue of RMB260.1bn ($40bn), up marginally by 0.2% year-on-year, while total profit was RMB1.7bn, a drop of 20.2%.

As at end-November, China’s shipbuilding output, newly received orders and orders on hand accounted for 40.4%, 50.8% and 46.9%, respectively, of the global shipbuilding market share.