South Korean media: China's shipbuilding orders remain first in the world, but market share drops to 68.3%!
On August 20, South Korean media "Chosun Ilbo" published an article stating that in the first half of this year, China's shipbuilding industry continued to maintain the top global position in new orders.
The China Shipbuilding Industry Association announced that in the first half of the year, the new orders for Chinese ships accounted for 68.3% of the global market share, down 6.4 percentage points from the same period last year, but still maintaining the global leadership. The new orders in the first half of the year were 44.22 million deadweight tons, a decrease of 18.2% compared to the same period last year.
At the same time, the shipbuilding completion volume in China was 24.13 million deadweight tons, a decrease of 3.5%, with a global market share of 51.7%; as of June 30, the order backlog was 234.54 million deadweight tons, an increase of 36.7% compared to the same period last year, with a global market share of 64.9%.
South Korea's new ship orders and completed volumes ranked second after China, with 21.9% and 26.5% respectively. Japan ranked third, with new ship orders and completed volumes of 5.7% and 17.6% respectively.
Experts believe that the U.S. decision to impose port fees on Chinese ships from October has affected the Chinese shipbuilding industry.
However, it is expected that even if the U.S. imposes port fees, the Chinese shipbuilding industry will still maintain its advantages in cost and productivity. Some analysts believe that the Chinese shipbuilding industry, with its competitive advantages such as cost efficiency, flexible supply chain, and capacity, can maintain a stable market share even if the U.S. imposes port fees.
Original: www.toutiao.com/article/1840975416550723/
Statement: This article represents the views of the author.