Chinese shipbuilding industry
- Thread starter tphuang
- Start date
So after all this chest thumping and bravado after re-industrialisation and the ambitious grand plan to reinvigorate US ship building with foreign capital, it all still comes back to Chinese equipment. What a f**king joke.
Their plan really was to buy everything from ZPMC and use them to build ships for the US navy huh, lol
At this point I really don't think its crazy to think they really do plan on going to war against China while ordering parts from Alibaba.
Well, South Korea has no choice than to cover up all the losses sven if it means payong for it themselves. Their national interests are so beholden to the US that they have little to no choice than to pay up. Consider it protection money. Lol
September data released: Chinese shipyards narrowly win
Source: Dragon's Boatman 2025-10-10 13:17September data for the global new shipbuilding market shows that new ship orders continued to decline year-on-year. China's market share dropped sharply but still narrowly secured the monthly top spot.
According to Clarkson data released on October 10, global new ship orders in September totaled 3.5 million compensated gross tons (123 vessels). Measured in compensated gross tons, this represents a sharp 44% year-on-year decline from the same period last year (6.29 million compensated gross tons) and a 3% month-on-month decrease.
By country, Chinese shipbuilders secured new orders totaling 1.42 million compensated gross tons (69 vessels), capturing a 40% market share to rank first; South Korean shipbuilders followed closely with new orders of 1.35 million compensated gross tons (33 vessels), accounting for a 39% market share.
Last month (August), Chinese and South Korean shipbuilders held monthly order market shares of 57% and 23% respectively, with a gap of 34 percentage points. In September, Chinese shipbuilders narrowly edged out their rivals by a margin of just 1 percentage point.
Data shows that from January to September this year, the global total of new ship orders reached 32.64 million compensated gross tons (1,185 vessels), a 47% decrease compared to the same period last year (61.43 million compensated gross tons, 2,560 vessels). During this period, Chinese shipyards secured orders totaling 18.33 million CGT (725 vessels), accounting for a 56% market share. Their order volume decreased by 58% year-on-year, maintaining the top position. South Korean shipyards secured orders totaling 7.34 million CGT (169 vessels), representing a 22% market share. Their order volume decreased by 17% year-on-year, ranking second.
As of the end of September, the global orderbook for new ships stood at 165.99 million CGT, an increase of 70,000 CGT from the previous month. By country, Chinese shipyards held orders totaling 100.86 million CGT, marking a year-on-year increase of 9.88 million CGT and a month-on-month rise of 310,000 CGT. Their market share reached 61%, maintaining their leading position. South Korean shipyards held 33.81 million CGT in orders, down 4.21 million CGT year-on-year and 440,000 CGT month-on-month, accounting for 20% of the market share and ranking second.
As of the end of September, the Clarkson Newbuilding Price Index stood at 185.58, down 0.68 points from the previous month's 186.2, maintaining a stable trend. Compared to September 2020's 126.61, it has risen by 47%, indicating a sustained upward trajectory in ship prices.
By vessel type, the newbuilding price for 174,000-cubic-meter large liquefied natural gas (LNG) carriers stood at approximately $250 million, unchanged from the previous month; The newbuilding price for Very Large Crude Carriers (VLCCs) stands at approximately $126 million, unchanged from last month; The newbuilding price for Very Large Container Ships (22,000 TEU-24,000 TEU) is about $270 million, down $3 million from August.
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My view is that U.S. port fees have indeed begun to negatively impact China's shipbuilding industry. This may be why China has recently started to retaliate.
Shipbuilding is highly fluctuate industry so monthly data is pretty useless. and this is just the September month data when US fort fees didn't even implement.
first 6 months of 2025 -
Chinese shipbuilders accounted for 6.94 million TEU in global container ship order backlog in the first half of this year, or 74 percent of the total, according to Clarkson Research on Monday.
look at the August data -
Chinese and South Korean shipbuilders held monthly order market shares of 57% and 23% respectively
there will be impact but it will be minimal.
What you're saying is one aspect, but looking at this year's new order data, the decline in new orders for Chinese shipyards far exceeds that of South Korean shipyards.
Where were the US port fees in 2020-21 which caused Chinese orders to fall below Korean ones? It's a volatile industry.
