China had the best performance in the first half of the year

Aug 03, 2020

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According to the latest data released by the world's leading shipping and shipbuilding agency, China once again led the world's top three shipbuilding indicators in the first half of this year. Affected by the outbreak, normal trade activity in the first half of this year was limited, with global volume of new ships contracting by 51% year-on-year, with South Korea receiving orders down nearly 50% and Japan down by more than 85%. In the first half of the year, the market share of new orders in China can be greatly increased, the most important thing is due to the timely implementation of China's epidemic prevention and control efforts and measures, the resumption of work and production in an orderly manner. In this newly released statistics, the most striking new orders, China has an absolute advantage, with 11.31 million load tons of new orders accounted for 65.4% of the global turnover, while South Korea and Japan are 23.7% and 8.8%, respectively. In terms of hand-held orders, China's shipyards also have relatively wealthy "surplus grains" in their shipyards, accounting for 48.3 per cent of global hand-held orders at 78.65 m in weight, while South Korea and Japan account for 28.2 per cent and 19 per cent, respectively.

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