New order intake of shipbuilding industries in Jiangsu, China in the first nine months of this year turned out to have massively increased.
According to statistical data from Jiangsu Economic and Information Technology Commission of China, during January-September period, Jiangsu-based shipbuilders contracted a total of 267 newbuildings of 11.3m dwt, up by 223% in terms of dwt. Of total newbuildings, vessels for export took 95%. Also, overall newbuildings contracted in Jiangsu accounted for 13.5% and 29.7% of global market and Chinese market, respectively.

Major 13 shipyards in Jiangsu inked overall 158 vessels of 10.16m dwt, accounting for 90% of total.

Taizhou Jiangsu based yards penned 65 vessels of 3.92m dwt, taking 34.7% of newbuildings contracted in Jiangsu in dwt terms, while Nanjing booked 32 newbuildings of 2.21m dwt, accounting for 19.6%. Yangzhou and Nantong contracted 45 vesesls of 2.01m dwt and 64 vessels of 1.33m dwt each, taking 17.8% and 11.7% respectively.

During the same period, delivery of Jiangsu-based shipyards declined by 35.8% year-on-year in dwt terms with 261 ships of 9.31m dwt, accounting for 11.1% and 30.4% of global market and Chinese market each. Of them export ships took 90.4%.

As of the end of September, Jiangsu shipyards are standing on the 861 vessels of 42.34m dwt of orderbook, seeing decrease of 7.6% y-o-y in terms of dwt, which taking 16.5% of world market and 37.2% of Chinese market. Ships for export accounted for 88% of total orderbook from Jiangsu shipbuilding industry.