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China's shipbuilding sector continues to lead in global market

Aview of the Huanghai Shipbuilding Co., Ltd., in Rongcheng, east China's Shandong Province. Photo by Xinhua/Zhu Zheng.
Aview of the Huanghai Shipbuilding Co., Ltd., in Rongcheng, east China's Shandong Province. Photo by Xinhua/Zhu Zheng.

China remained the world's leading shipbuilder in the first half of this year, as its market share ranked first globally in output, new, and holding orders, official data showed. This was reported by The Xinhua News Agency.

The country's shipbuilding output hit 18.5 mln deadweight tonnes (dwt) in the January-June period, accounting for 45.2% of the world's total, data from the Ministry of Industry and Information Technology showed.

New shipbuilding orders, another major indicator of the shipbuilding industry, came in at 22.46 mln dwt in the first six months, taking up 50.8% of the global market share.

By the end of June, China's shipbuilding holding orders rose 18.6% year on year to 102.74 mln dwt, with a global market share reaching 47.8%, the ministry said.

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