BRAVO! China shipbuilding new orders up over 200% in H1

[xizhimen]

BRAVO! China shipbuilding new orders up over 200% in first half

 

[xizhimen]

China accounts for 51% of new global shipbuilding orders in H1
in Shipbuilding News
13/08/2021

China’s new shipbuilding orders accounted for more than half of the global share in the first half of the year due to growing demand for container ships amid COVID-19, CCTV reported.

According to data released by China Association of the National Shipbuilding, China’s completed orders grew by 19 percent year-on-year in the first half, with rise in high-end ship orders.

China’s new ship orders accounted for 51 percent of the global share with the average monthly orders reaching 6.37 million dwt, 1.8 times that of shipbuilding completed in the same period.

Chen Jun, General Manager of Hudong Zhonghua Shipbuilding Co said they have entered peak season over June and July and delivered several large LNG ships and large container ships which are low-carbon and environmentally friendly.

“The green, environmental protection, low carbon design concept has not only made Chinese ships meet the most stringent emission requirements, but also gives Chinese ships strong market adaptability and market prospects,” he said.

At present, Guangzhou Shipyard International Company has eight container ship orders in hand, with the number of orders hitting a new high in the past decade, in particular new energy ships and large container ships which are urgently needed by the market, said Zhou Xuhui, deputy general manager of the company.

Lin Feng, deputy General Manager of China Shipbuilding Trading Co, said that due to the growing global demand for container ships, the company had received 53 orders for super large container ships with more than 15,000 containers, accounting for 57 percent of global orders.

China accounts for 51% of new global shipbuilding orders in H1 | Hellenic Shipping News Worldwide

www.hellenicshippingnews.com

 

[xizhimen]

Chinese shipbuilding new orders up 223% in first three quarters​

The three major shipbuilding indexes of China maintained strong growth during the first three quarters of this year.

Katherine Si | Oct 21, 2021

According to the statistics released by China Association of the National Shipbuilding Industry (CANSI), China’s shipbuilding output for January to September was 30.34m dwt, an increase of 6.2% year on year; the newly received orders were 54.156m dwt, surged 223.3%.

As the end of Q3, Chinese shipyards’ orderbook on hand was 92.44m dwt, increasing 32.3% year on year.

As the end of September, China’s shipbuilding output, newly received orders and orders on hand accounted for 45.6%, 53.2% and 47.3% of the global shipbuilding market share, respectively.

The statistics from China’s General Administration of Customs showed that, export ship volume for the first three quarters was 3,698 vessels, an increase of 13.1% year on year.

Among which, 99 export vessels were liquid cargo carriers, an increase of 39.4%; 75 were containerships, a substantial growth of 150%; 183 were bulk carriers, a decline of 7.6%.

Chinese shipbuilding new orders up 223% in first three quarters

The three major shipbuilding indexes of China maintained strong growth during the first three quarters of this year.

www.seatrade-maritime.com

 

[xizhimen]

Yangzijiang secures $7.41bn in orders to date for 2021​

Yangzijiang Shipbuilding reported total revenues of CNY4.47bn ($698m) for 3Q 2021, an increase of 25% year on year.
Katherine Si | Nov 02, 2021

To date, Yangzijiang Shipbuilding has secured order for 124 vessels worth $7.41bn in 2021, and has an outstanding orderbook of $8.86bn for 165 vessels.

In the third quarter of this year 15 vessels were delivered, as compared to 9 vessels in 3Q 2020.

Despite the burgeoning orderbook it has not all been plain sailing for the Chinese ship

“Power crunch amidst shortage of coal supplies in China has led to electricity rationing and production halt at numerous factories in the months of September and October, but the impact on the group’s shipyards were kept under control. Since the beginning of November, restrictions and constraints on electricity usage have eased and the shipyards are now back to normal operations,” said the company.

Yangzijiang’s major shipyards are currently operating at full utilization and there are no changes to the group’s scheduled delivery of vessels in the second half of 2021.

Yangzijiang secures $7.41bn in orders to date for 2021

Yangzijiang Shipbuilding reported total revenues of CNY4.47bn ($698m) for 3Q 2021, an increase of 25% year on year.

www.seatrade-maritime.com

 

[xizhimen]

Newbulding orders of Chinese yards up 210.5% in first 10 months, accounting for half of the world​

The surge in newbuilding orders has seen new contracts at Chinese yards increase 210.5% year-on-year for the first 10 months of this year.

Katherine Si | Dec 01, 2021

China’s shipbuilding output for January to October was 32.01m dwt, an increase of 5% year-on-year.

As the end of October, Chinese shipyards’ orderbook on hand was 98.1m dwt, up 38.2% year-on-year.

Shipbuilding export volume was 29.92m dwt, an increase of 6.8% year-on-year, while newly received export shipbuilding orders were 55.58m dwt, surged 209.2%. Export orders on hand were 87.6m dwt as the end of October, up 33.7%.

Shipbuilding export volume, new orders for export and export orders on hand accounted for 93.5%, 90.4% and 89.3% of national volume respectively.

As the end of October, China’s shipbuilding output, newly received orders and orders on hand accounted for 44.5%, 53.9% and 48.3% of the global shipbuilding market share, respectively.

During the first ten months, the repaired ship volume from 15 major Chinese shiprepair yards was 2,262,declined 4.7%.

Newbulding orders of Chinese yards up 210.5% in first 10 months

The surge in newbuilding orders has seen new contracts at Chinese yards increase 210.5% year-on-year for the first 10 months of this year.

www.seatrade-maritime.com

 

[Rodeo]

What's the characteristics of these ships? Are they all container ships? And how on earth can China keep up with this demand, where do they get so much raw materials from?

 

[xizhimen]

What's the characteristics of these ships? Are they all container ships? And how on earth can China keep up with this demand, where do they get so much raw materials from?

China produces almost 60% of the world total steel, so raw material doesn't seem to be a problem.

CONF: China’s steel output at 1.05 billion t for 2020 | Mysteel Global

www.mysteel.net

 

[Rodeo]

China produces over 60% of the world total steel, so raw material doesn't seem to be a problem.

Steel is not a raw material.

 

[xizhimen]

Steel is not a raw material.

But ships are mostly made of steel, you have to have a lot of steel to make a lot of ships.

 

[Rodeo]

But ships are mostly made of steel, you have to have a lot of steel to make a lot of ships.

I'm not trying to be pedantic but you're post says there're over 200% more demand. That means there has to be more raw material and production capacity to fulfill the pent-up demand. That 60% steel production rate is pre-pandemic I assume?

 

[xizhimen]

I'm not trying to be pedantic but you're post says there're over 200% more demand. That means there has to be more raw material and production capacity to fulfill the pent-up demand. That 60% steel production rate is pre-pandemic I assume?

It's about the global demand, China mainly produces for the global market, and in order to meet the global demand, China imports a lot of raw material. 60% global steel production is the latest data, but China produces over half of the world total steel for at least a decade already, it's mainly for export.

 

[Zapper]

Steel is not a raw material.

OP is a poorly coded CCP bot...they're tryna improve the AI to make it seem more realistic

 

[xizhimen]

OP is a poorly coded CCP bot...they're tryna improve the AI to make it seem more realistic

Being desperate to resort to personal attack? Jealousy is a curse.