Receive our newsletter – data, insights and analysis delivered to you
April 15, 2010

Chinese Q1 Newbuild Orders Rise

China's newbuild orderbook increased by 950% to 8.26 million dwt tons in Q1 2010, according to the Ministry of Industry and Information Technology. The figure represents 47.8% of the global newbuild intake, chinaknowledge.com reports. During the quarter, Chinese output of comp

By cms admin

China’s newbuild orderbook increased by 950% to 8.26 million dwt tons in Q1 2010, according to the Ministry of Industry and Information Technology.

The figure represents 47.8% of the global newbuild intake, chinaknowledge.com reports.

During the quarter, Chinese output of completed ships rose 128% to 14.57 million dwt compared to the same quarter in 2009, representing 41.1% of the global output.

Chinese shipbuilders received orders of 184.1 million dwt at the end of March, 2.2% less than last year, the ministry said.

Nearly 88% of the existing orderbook is for export, making 37.3% of the world’s total.

In January and February, China exported $6.72bn-worth of ships, boats and floating structures, a 65.8% rise in exports compared to the same period in 2009.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU