CHINESE SHIPBUILDING INDUSTRY RECORDS 9.4% DECLINE.

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-China’s three major shipbuilding indexes all declined in the first seven months of this year.
-CANSI’s first seven months was 20.03m dwt
-It recorded a decline of 9.4% year-on-year.
-Its newly received order volume was 13.99m dwt.
-The order book on hand was 75.62m dwt, a decline of 7.7%.

According to an article published in Seatrade Maritime News, China’s three major shipbuilding indexes all declined in the first seven months of this year.

•Status of order book

According to the statistics released by the Association of China’s National Shipbuilding Industry (CANSI), the shipbuilding output for the first seven months was 20.03m dwt, a decline of 9.4% year-on-year; the newly received order volume was 13.99m dwt, a decline of 4.8%. At the end of July, the order book on hand was 75.62m dwt, a decline of 7.7%.

-Shipbuilding export volume was 18.51m dwt, a decline of 10.5% year-on-year.
-Newly received export shipbuilding orders were 12.62m dwt, a decline of 7.7%.
-The export orders in hand were 69.65m dwt as the end of July.
-A decline of 6.5%, accounting for 92.4%, 90.2% and 92.1% of national volume respectively.

•Drop in income levels

The 75 major Chinese shipbuilding industry players posted RMB140.3bn ($20bn) main operational income and RMB930m ($133m) in total profit, a drop of 3.2% and 49.2% year-on-year respectively.

As of the end of July, China’s accomplished shipbuilding output, newly received orders and orders in handhold 37.3%, 67.5%, and 48.6% of global shipbuilding market share.

Source: Seatrade-MaritimeNews