China keeps global lead in shipbuilding
China has maintained its position as the world's top shipbuilding nation this year as Chinese shipyards received more orders than their South Korean rivals, a market researcher said, Asia Pulse reports.
The China Ship Marketing Research Center said China took new ship orders of 33.69 million deadweight tonnages (DWTs) in the January-November period, accounting for a 44.9 per cent share of the total global new ship orders of 75 million DWTs.
It was far larger than South Korea's new ship orders of 27.48 million DWTs, which made up 36.6 per cent of the global market.
As of the end of November, China's backlog of ship orders reached 162.7 million DWTs, accounting for 43.5 per cent of the global total of 373.8 million DWTs, while South Korea's order backlog was 119.9 million DWTs, equivalent to 32.1 per cent.
During the first 11 months of this year, China's shipbuilding capacity reached 61.77 million DWTs, accounting for 42 per cent of the global shipbuilding capacity of 147 million DWTs.
South Korea's shipbuilding capacity was 51.21 million DWTs, accounting for 34.8 per cent of the global total.
China rose as the world's top shipbuilder in 2009, outpacing South Korea in the number of new orders received and order backlogs as its builders attracted new custom with relatively cheaper prices.
The China Ship Marketing Research Center said China took new ship orders of 33.69 million deadweight tonnages (DWTs) in the January-November period, accounting for a 44.9 per cent share of the total global new ship orders of 75 million DWTs.
It was far larger than South Korea's new ship orders of 27.48 million DWTs, which made up 36.6 per cent of the global market.
As of the end of November, China's backlog of ship orders reached 162.7 million DWTs, accounting for 43.5 per cent of the global total of 373.8 million DWTs, while South Korea's order backlog was 119.9 million DWTs, equivalent to 32.1 per cent.
During the first 11 months of this year, China's shipbuilding capacity reached 61.77 million DWTs, accounting for 42 per cent of the global shipbuilding capacity of 147 million DWTs.
South Korea's shipbuilding capacity was 51.21 million DWTs, accounting for 34.8 per cent of the global total.
China rose as the world's top shipbuilder in 2009, outpacing South Korea in the number of new orders received and order backlogs as its builders attracted new custom with relatively cheaper prices.
