China shipbuilding volume up 54.7% for Jan-Feb, accounts for 45% of the global share

[xizhimen]

China shipbuilding volume up 54.7% for Jan-Feb, accounts for 45% of the global share

CSSC Chengxi shipyard
China’s shipbuilding output and new order volume for the first two months of this year showed strong growth compared to pandemic-hit output a year ago.
Katherine Si | Mar 24, 2021


According to the statistics released by China Association of the National Shipbuilding Industry (CANSI), China’s shipbuilding output for January to February 2021 was 7.23m dwt, an increase of 54.7% year-on-year, while the volume of newly received orders was 6.81m dwt, an increase of 105%.

At the end of February, Chinese shipyards’ orderbook on hand was 70.51m dwt, a decline of 12.2% year-on-year

.Shipbuilding export volume was 6.65m dwt, an increase of 46.8% year-on-year, while newly received export shipbuilding orders were 4.88m dwt, an increase of 50.6%. Export orders on hand were 62.26m dwt as the end of February, a drop of 15.8%.

Shipbuilding export volume, new orders for export and export orders on hand accounted for 92%, 71.6% and 88.3% of national volume respectively.

As the end of February, China’s shipbuilding output, newly received orders and orders on hand respectively accounted for 45.4%, 44.7% and 45% of the global shipbuilding market share.

Fifteen major ship repair companies completed a repairing volume of 510 vessels for the first two months, an increase of 13.3%.

China shipbuilding volume up 54.7% for Jan-Feb

China’s shipbuilding output and new order volume for the first two months of this year showed strong growth compared to pandemic-hit output a year ago.

www.seatrade-maritime.com

 

[xizhimen]

45% of the world total....this is a crazy ratio. Had the rest of the world stopped building ships?

 

[xizhimen]

China State Shipbuilding Discloses $1.5 Billion Newbuild Order for 13 Big Containerships
Mike SchulerApril 5, 2021

China State Shipbuilding Corporation (CSSC) says it has landed its single-largest containership order valued at over $1.5 billion.

CSSC did not disclose the buyer but reports indicate the order was placed by Swiss-based MSC Mediterranean Shipping Company, the world’s number two shipping line.

CSSC said the order encompasses thirteen newbuild containerships of 16,000 TEU capacity each. Seven will be constructed by Dalian Shipbuilding Industry Group and six by Guangzhou Shipbuilding International Co., both of which are CSSC subsidiaries. Each ship will measure 366-meters long and 51-meters wide, and will be equipped with a scrubber-fitted WinGD main engine that is reportedly LNG-ready.

CSSC hailed the order as the largest single containership newbuild order in its history and the result of the successful merger of China State Shipbuilding Corporation (CSSC) and China Shipbuilding Industry Company (CSIC), which was completed in late 2019.

https://gcaptain.com/china-state-sh...ion-newbuild-order-for-13-big-containerships/

 

[xizhimen]

Cosco eyes China shipyards for $3bn containership spree
Companies are in discussions with Chinese yards about conventionally fuelled vessels

8 April 2021 0:14 GMT

Boxship giants Cosco Shipping Holdings and Hong Kong’s Orient Overseas Container Line (OOCL) are in discussions with Chinese shipbuilders for up to 25 neo-panamax newbuildings worth over $3bn. Shipbuilding sources said,

Cosco eyes China shipyards for $3bn containership spree

Companies are in discussions with Chinese yards about conventionally fuelled vessels

www.tradewindsnews.com