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China shipbuilding output drops in first seven months of 2020

China shipbuilding output drops in first seven months of 2020
China’s three major shipbuilding indexes all declined in the first seven months of this year.

According to the statistics released by the Association of China’s National Shipbuilding Industry (CANSI), the shipbuilding output for the first seven months was 20.03m dwt, a decline of 9.4% year-on-year; the newly received order volume was 13.99m dwt, a decline of 4.8%. As the end of July, the orderbook on hand was 75.62m dwt, a decline of 7.7%.

Shipbuilding export volume was 18.51m dwt, a decline of 10.5% year-on-year, while newly received export shipbuilding orders were 12.62m dwt, a decline of 7.7%; the export orders in hand were 69.65m dwt as the end of July, a decline of 6.5%, accounting for 92.4%, 90.2% and 92.1% of national volume respectively.

The 75 major Chinese shipbuilding industry players posted RMB140.3bn ($20bn) main operational income and RMB930m ($133m) in total profit, a drop of 3.2% and 49.2% year-on-year respectively.

As of the end of July, China’s accomplished shipbuilding output, newly received orders and orders in hand hold 37.3%, 67.5% and 48.6% of global shipbuilding market share.

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