China continues to maintain the world's first place in the three major indicators of the global shipbuilding industry that includes the number of new orders received, the number of orders at hand and the number of completed deliveries, according to the latest data for the first half of this year released by the world's authoritative shipping and shipbuilding agency.
In this freshly released statistical data, China has an absolute advantage in the number of new orders received with 11.31 million deadweight tons of new orders obtained in the first half of this year, accounted for 65.4% of the global turnover share during the six-month period, a striking contrast to ROK’s 23.7% and Japan’s 8.8%
Chinese shipyards accounted for 48.3% of global orders at hand with 78.65 million deadweight tons of new orders. South Korea and Japan accounted for 28.2% and 19% respectively.
Chinese shipyards accounted for 37% of global deliveries, while Japan and South Korea accounted for 31% and 27% respectively.
Affected by the COVID-19 pandemic, the global volume of transaction in new ships shrank by 51% year-on-year in the first half of this year with South Korea's order decreasing by nearly 50%, and Japan's declining by more than 85%.
In the first half of the year, China reported a substantial increase in the number of the new orders received, resulting for the most part from China's effective progress in epidemic prevention and control and its orderly resumption of work and production in the post-pandemic recovery.
The three major indicators are an important basis for the industry to measure the scale and strength of the shipbuilding industry. From the 1950s to the beginning of the 21st century, the three indices were topped by Japan or the Republic of Korea. In 2010, China exceeded the ROK and ranked the first in the world. China has since maintained its top position in the global shipbuilding industry until this year.
(Source:ourjiangsu.com)
