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China’s shipbuilding orders fall 37.9% in Jan-August term

China’s shipbuilding orders fall 37.9% in Jan-August term

Chinese shipyards kept growth on a yearly basis in January-August period. However order backlog and new orders received extended declines from a year ago.

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According to data which comes from China Association of the National Shipbuilding Industry, in the first eight months, Chinese shipyards finished newbuild tonnage of 25.94 million DWT, up 6.7% from the same period a year ago. New shipbuilding orders obtained by them shrank 37.9% year on year to stand at 15.72 million DWT.

The China Association of National Shipbuilding Industry also showed that, in the first seven months of 2019, Chinese shipbuilders received new orders totaling 14.7 million DWT, down 38.9% from the same period last year.

Maritime Business World 

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