SIMIC

According to the statistics released by the Association of China’s National Shipbuilding Industry (CANSI), the shipbuilding output for the first eight months was 24.1m dwt, a decline of 7.1% year-on-year; the newly received order volume was 15.01m dwt, a decline of 4.5%. As the end of August, the orderbook on hand was 72.57m dwt, a decline of 8.2%.

Shipbuilding export volume was 22.22m dwt, a decline of 8.1% year-on-year, while newly received export shipbuilding orders were 13.64m dwt, a decline of 6.6%; the export orders in hand were 66.91m dwt as the end of August, a decline of 7.1%, accounting for 92.2%, 90.9% and 92.2% of national volume respectively.

Related: Chinese shipbuilding volume dropped 10.6% in H1 2020

The 75 major Chinese shipbuilding industry players posted operational income of RMB169bn ($24.5bn) and RMB1.16bn ($168m) in total profit, a drop of 2.3% and 47% year-on-year respectively.

As of the end of August, China’s shipbuilding output, newly received orders and orders in hand hold accounted for 39.6%, 63.1% and 47.8% of global shipbuilding market share.