News Center Market Analysis
Hot Keywords
Chinese Yards' New Orders Drop 69.4 Pct YoY in Jan–July
Source:IHS Maritime 360

Chinese shipyards' new orders slumped 69.4% year on year (YoY) to 14.0 million dwt in the first seven months of 2015, according to the China Association of the National Shipbuilding Industry (CANSI).

While the yards' completed tonnage climbed 9.8% to 22.7 million dwt over the period, their orderbook slipped 10.9% YoY to 136.7 million dwt.

Export orders, contributing 85% of the yards' new orders, tumbled 72.2% YoY to 11.9 million dwt.

Yet the 88 shipbuilding and relevant companies surveyed by CANSI reported a combined 3.7% YoY rise in operating revenues to CNY164.5bn(US$25.7bn), although their aggregate gross profit dropped 17.7% to CNY3.4bn.

The industrial output values of these companies increased 4.5% YoY to CNY240.0bn, with a rise for shipbuilders of 4.2%, an increase for marine-equipment makers of 2.3%, and a decline for ship repairers of 10.6% YoY.

China's shipbuilders had ended 2014 with a YoY fall of 14.2% in awarded orders after buyers started cutting back on spending on new ships from late last year.

< Back to News Center< Market Analysis
Latest Ship News
Hottest Ships
Ship Type
Built Year
Built Place
Bulk Carrier
2004 Built
Bulk Carrier
2010 Built
Bulk Carrier
2006 Built
Full-revolving Crane
2011 Built
Trail Suction Hopper Dredger
2014 Built
Home About Us Contact Us Help Center Advertising

Copyright © 2006-2017 沪公网安备 31011502007808号 沪ICP备17049160号 经营许可证编号:沪B2-20180166 All Rights Reserved