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China's shipbuilding output rose by 3% YoY to 39.7 mn dwt in 2021
27 Jan '22
1 min read
Pic: Enanuchit|Dreamstime.com
With busy maritime transport pushing up ship demand, China’s shipbuilding output was 39.7 million deadweight tonnes (dwt) in 2021, rising 3 per cent year on year (YoY), according to the ministry of industry and information technology, which said the 2021 output accounted for 47.2 per cent of the world's total, up by 4.1 percentage points from that in 2020.
New shipbuilding orders, another major indicator of the shipbuilding industry, surged 131.8 per cent YoY to 67.07 million dwt in 2021, accounting for 53.8 per cent of the global market share, an official news agency reported.
Holding order volumes came in at 95.84 million dwt by the end of last December, rising by 34.8 per cent from the end of 2020 and taking up 47.6 per cent of market share globally.
The ministry also said the international competitiveness of Chinese shipbuilding companies further enhanced in 2021, with six companies ranking among the world's top 10 shipbuilders in terms of output, new orders and holding orders respectively.
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