The orderbooks of China’s leading shipyards are continuing to grow with new contracts outpacing deliveries.
China’s major yards have won orders for 68m dwt this year compared to deliveries of 61m dwt with the country’s shipbuilding industry also moving ahead in financial terms.
New figures from the China National Shipbuilding Industry Association which represents the leading yards show their output value is expected to total CNY 670bn ($101.5bn)