China shipbuilding industry sees rise in new orders

China shipbuilding industry sees rise in new orders

BEIJING – China's shipbuilding industry slowed its production during the first quarter partly due to the novel coronavirus epidemic, but 

new orders grew, according to government data. The industry completed ships with a tonnage of around 7 million deadweight from 

January to March, down 27.3 percent year on year, data from the Ministry of Industry and Information Technology showed.

The country’s shipbuilders received new orders totaling 4.89 million deadweight tonnes during the period, up 6.5 percent from a year 

earlier. At the end of last month, China's shipbuilding sector had orders amounting to 79.55 million deadweight tonnes, down 5.6 

percent year on year. 

China has the world's leading shipbuilding industry, accounting for 30.4 percent of the ship tonnage completed by the global 

shipbuilding industry and making up 65.5 percent of the world's total new orders during the first quarter, data showed.