China wins HALF of the new ship building orders in the world in the 1H 2021 (naval ships not counted in)

xizhimen

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China wins HALF of the new ship building orders in the world in the 1H 2021 (naval ships not counted in)​


微信图片_20210715140207.png

China wins 50.3% of the new ship building contracts in the world in the 1H 2021.

In the 1st half 2021, the global ship building industry has obtained a new contract volume of 27,25 million CGT. Of which, the shipyards in China wins 13.72 million CGT, i.e. 50.3% of the global total new contracts.

South Korea is the 2nd biggest winner, with 39.9% of the new contracts. Japan the 3rd one, 6.7%.

Shipyards from the other parts of the world, putting in together, won 3.1% of the new contracts.

The naval ship building volume is NOT counted in.

 

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China shipbuilding new orders up over 200% in first half

Chinese shipbuilding output, newly received orders and orders on hand volume all increased in the first half of 2021.
Katherine Si | Jul 14, 2021

During the first six months of 2021 Chinese shipbuilders received newbuilding order volume of 38.24m dwt, representing a substantial growth of 206.8% over the previous year.Nearly half these orders in tonnage terms were placed at yards belonging to the CSSC which received orders for 232 vessels totaling in 18.39m dwt in H1, surpassing its annual order target.

Meanwhile shipbuilding output was 20.92m dwt an increase of 19% year-on-year.

As the end of June, the orderbook on hand was 86.6m dwt, up 21.8% comparing with the volume ended 2020, including 32.44m cgt of oceangoing vessels.

 

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Qatar places $760MM LNG vessel order with China​

By PAUL WALLACE

10/3/2021

(Bloomberg) --Qatar ordered four new liquefied natural gas tankers worth more than 2.8 billion rials ($762 million) from a Chinese shipbuilder, as demand for the fuel booms.

State energy firm Qatar Petroleum said Sunday the vessels will be built by Hudong-Zhonghua Shipbuilding Group Co., a subsidiary of China State Shipbuilding Corp.

It’s the first time QP has ordered LNG carriers from China. The ships are the first batch of bookings for the company’s North Field expansion project, which will see it spend almost $30 billion to increase its production capacity by more than 50%.

Demand for LNG -- of which Qatar is the world’s biggest exporter -- is projected to rise strongly in the coming decades as countries cut their use of dirtier fossil fuels such as coal and oil.

The global LNG market’s tightened significantly in recent weeks due to shortages of gas and coal in parts of Europe and Asia. Qatar’s energy minister, Saad Al-Kaabi, said last month that demand was “huge” and “we can’t cater for everyone.”

 

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