Between January and November, three major shipping-related indices increased in China.
According to information obtained from the Ministry of Industry and Informatics of China, the volume of shipbuilding completed throughout the country in the January-November period reached 38 million 90 thousand tons, an increase of 12.3 percent on an annual basis. New incoming order volume increased by 63.8 percent compared to the same period of the previous year and reached 64 million 850 thousand tons.
The global shares of completed ship construction, new incoming orders and on-hand order quantities were 50.1 percent, 65.9 percent and 53.4 percent, respectively.
The opinions expressed herein are the author’s and not necessarily those of News2Sea.
#Ship #orders #Chinese #shipyards #rise