China Association of National Shipbuilding Industry ( CANSI) predicts global newbuilding demand in 2013 will be more than 80m dwt. The three major types of ship will account for around 70% of total trading volume, LNG and LPG ship accounting for 10%, luxury yacht, offshore equipment and other special ships account for the remaining 20%.
With the appreciation of yuan, and the depreciation of Japanese yen and Korean won, the price advantage of Chinese shipyards is likely to losen gradually, which will bring vigorous competition to Chinese shipbuilders, the association said in a report.