Newbuild Orders at Chinese Yards Plummet

Chinese shipbuilders marked a sharp decline in newbuilding orders in the first quarter of 2015, according to the latest data released by China Association of the National Shipbuilding Industry (Cansi).

During the first three months, the country’s shipbuilders received newbuilding orders amounting to 5.99 million deadweight tons, down 76.8 percent year-on-year.

The overall tonnage however, reached 9.47 million dwt, an increase of 27.5%. Out of the overall tonnage, some 8.54 million was intended for exports, Cansi’s data show.

By the end of March, the yards’ newbuild orderbook stood at 144.93 million dwt, down 2.5% when compared to the same period last year.

The country’s 88 key shipbuilding yards posted a joint revenue of  CNY 64.67 billion (around USD 26.4 billion) in the first quarter of 2015, an increase of 8.9%. The yards recorded a total profit of CNY 170 million, down 87.8 percent.

The figures are indicative of an ongoing restructuring process within the country as shipbuilders struggle to rationalize overcapacity.

World Maritime News Staff


Share this article

Follow World Maritime News

In Depth>


<< Jul 2019 >>
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

Shipping Transformation Asia

Shipping Transformation Asia will provide a platform for future-focused discussion in the shipping,…

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >