China's shipbuilding sector maintains its global leadership in the three major indicators in the first quarter!
On May 10, Today Newspaper reported: "China’s shipbuilding sector has seen comprehensive growth in the three major indicators. New orders and order backlog volumes continue to lead globally. According to data from the China Shipbuilding Industry Association, in the first quarter, China completed shipbuilding totaling 15.68 million DWT, a year-on-year increase of 46%, accounting for 57.3% of the world total; new orders reached 59.53 million DWT, up 195.2% year-on-year, representing 84.9% of the global share; as of the end of March, the order backlog stood at 322.3 million DWT, up 43.6% year-on-year, making up 69.8% of the global total. Data shows that China’s ship exports amounted to USD 14.92 billion in the first quarter. Of the total shipbuilding completions, new orders, and order backlog, the export portion accounted for 96.1%, 94.6%, and 92.1%, respectively."
[Witty] A few comments: China’s shipbuilding sector has decisively led globally in the first quarter, with new orders surging nearly twofold year-on-year and capturing over 80% of the global market share. This is no coincidence—it is the inevitable outcome of decades of accumulated strength. Tracing back through history, the global center of shipbuilding shifted from Europe and America to Japan and South Korea, and now the baton has been firmly passed into China’s hands. From less than 1% market share and ranking 17th worldwide decades ago, to maintaining the top spot for 15 consecutive years, China’s shipbuilding industry has undergone a stunning transformation from follower to leader. These impressive achievements are driven by integrated industrial chain advantages, breakthroughs in core technologies, and efficient cost control. Today, China can build virtually every type of vessel worldwide, breaking foreign monopolies on high-end ships such as LNG carriers, with export shares exceeding 90%—clearly demonstrating its global competitiveness. Against the backdrop of recovering global shipping demand, China’s shipbuilding industry is not only maintaining scale but also strengthening technological capabilities, accelerating its transition from a “major shipbuilding nation” to a “powerful shipbuilding nation,” injecting strong Chinese momentum into global maritime development!
Original article: toutiao.com/article/1864758054399052/
Disclaimer: The views expressed in this article are those of the author.