Greater China

Better August figures for the yards

Shanghai: Latest statistics from the China Association of the National Shipbuilding Industry (CANSI) show some signs of a pick up for the nation’s beleaguered yards. Orders in August were the highest monthly total for the year. A total of 2.95m dwt of newbuilds were ordered. Nevertheless, this represents a decline of 34% year-on-year.

Chinese shipbuilders contracted a total of 14.59m dwt in the first eight months, down by 48% year-on-year.
Meanwhile, Chinese shipyards delivered 2.34m dwt in total during August, down by 50% compared with the same month of 2011.

Chinese shipbuilders’ backlog stood at 123.83m dwt as of the end of August, similar to the end of July, but down 29.6% year-on-year.

With the sudden rush in September by the big state-run lines to order VLCCs for a giant pool, as exclusively reported by SinoShip News, September figures from CANSI are likely to be better than August.  [02/10/12]

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