According to CANSI, Chinese shipbuilders got new orders of 11.70m dwt from January to July, declining by 51% year on year. In July, new orders for domestic shipyards only totaled about 1.00m dwt.
Total order catalog of domestic shipyard stood at 123.5m dwt by the end of June, 29.9% down against the same period of last and 17.6% less than the volume at the end of 20111. Export ships still dominate newbuidling market by accounting for 80.8% of newbuilding out put, 72.6% of total new orders and 83.1% of orderbook.
CANSI also reveals that the total income for 2000 Chinese shipyards recorded $54.0bn in the first six months, increasing by 3.4% year on year. However, the profits declined by 23.9% to about $2.8bn in the same period.