Trade Resources Industry Views The Aggregate Shipbuilding Output in China Is Down 24.9 Percent Year on Year

The Aggregate Shipbuilding Output in China Is Down 24.9 Percent Year on Year

In the January-April period of the current year, the aggregate shipbuilding output in China (from a total of 80 shipbuilding enterprises) amounted to 10.36 million deadweight tons (dwt), down 24.9 percent year on year, according to figures released by the China Association of the National Shipbuilding Industry (CANSI).

In the given period, China's new ship orders amounted to 30.30 million dwt, up 160 percent year on year. As of the end of April, ship orders on the books of Chinese shipbuilding enterprises totaled 150.15 million dwt, up 43.2 percent year on year and indicating an increase of 14.6 percent compared to the end of 2013.

In the January-April period, the aggregate shipbuilding output for export orders in China totaled 9.48 million dwt, down 17.2 percent year on year and accounting for 91.5 percent of the total shipbuilding output in China in the given period. Meanwhile, China's new ship export orders amounted to 28.97 million dwt, up 174 percent year on year and constituting 95.6 percent of total new ship orders. As of the end of April, ship export orders on the books of Chinese shipbuilding enterprises totaled 140.84 million dwt, up 57.5 percent year on year and constituting 93.8 percent of total ship orders on the books of Chinese shipbuilding enterprises.

Source: http://www.steelorbis.com/steel-news/latest-news/chinas-shipbuilding-output-down-249-in-january_april-829543.htm
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China's Shipbuilding Output Down 24.9% in January-April
Topics: Metallurgy