China’s shipbuilding order intake plunges 72.6% in the first half

China’s shipbuilding order intake plunges 72.6% in the first half

Shanghai: China’s total new shipbuilding order volume in the first half of 2015 reached 11.19m dwt, dropping by 72.6% year-on-year, the China Association of National Shipbuilding Industry (CANSI) has reported.

In the same period, China completed export ships with a total capacity of 16.71m dwt, up 8.5% year-on-year, while total on hand volumes reached 131.2m dwt, down 8.7%.

CANSI said the largest challenges of the whole shipbuilding industry are securing financing, delivering ships on time, and contract breaches in the offshore sector.

An official from CANSI told Splash that the government should extend the current favourable policies and offer more financing to the industry. He hoped that domestic energy companies’ enlarged offshore investments could bring more orders for domestic yards.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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