Jiangsu ship orders surge

Shanghai: Jiangsu province has topped China’s shipbuilding industry in terms of both new order volumes and completed shipbuilding volumes in the first three quarters of this year, according to statistics from the Jiangsu local government.

Shipyards in Jiangsu received 321 newbuilding orders in total in the first three quarters, which accounts for 18.5% of the total global new orders in the period, and a surge of 61.2% year-on-year. The shipyards also hold in hand orders for 1,189 vessels, which accounts for 21.7% of the global market share. [20/10/14]

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