Chinese shipbuilding industry

manqiangrexue

Brigadier
Were those April orders before or after the US port fees came into effect?
Obviously, if they dropped down then went back up, then it's after, right? This is companies first freaking out about the port fees, then realizing that:

1. the US is incredibly unstable and they'd be the fools if they ended up ordering a restrictively and uncompetitively expensive mega-fleet compared to rival companies that stayed with Chinese manufacturing only for the US to revoke the port fees at the next administration to bolster American consumption.

2. the deals that other countries offer are just too bad compared to what China can do. They held back a little to check out all their options and realized that nothing comes close to China.
 

PopularScience

Senior Member
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According to a report by CCTV Finance on May 30, from January to April this year, China's shipbuilding industry's new orders accounted for the world market share and continued to rank first in the world.

Specifically, China's shipbuilding completion volume, new orders and backlog orders reached 15.32 million deadweight tons, 30.69 million deadweight tons and 229.78 million deadweight tons, accounting for 49.9%, 67.6% and 64.3% of the world market share respectively.

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At present, many shipbuilding companies have full orders. As the industry leader, China Shipbuilding Group Co., Ltd. has orders scheduled until 2029.
 
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