New Ship Orders Affected China's Shipping Industry Export Pressure Is Not Reduced

Since 2020, China's import and export trade in the marine and spare parts industry has declined significantly as a result of the outbreak of neo-crown pneumonia. China's shipping industry imported and exported $14.432 billion in the first seven months of this year, down 11% year-on-year, including $12,019 million, down 14.6% year-on-year, and imports of $2.413 billion, up 12.4% year-on-year, according to customs data. It is expected that china's ship export pressure will remain high in the second half of 2020. Liu Hengyu, industry director of the ship branch of the China Electrical and Mechanical Products Import and Export Chamber of Commerce, said that shipowners' wait-and-see attitude towards future capacity demand, epidemic control, normalization of international ports and route adjustment will have an impact on the volume of new ship orders this year.