In the year to October, the complete industrial gross production value of the China’s 80 shipbuilding and its related companies which are subject to be monitored were seen to go downwards by 11.2% year-on-year to CNY 289.6bn.

Of which, shipbuilding sector dropped by 23.3% to CNY 149bn while ship equipment showed a 18.7% drop to CNY 21bn and ship repair also declined by 9.8% to CNY 9.9bn, according to a recent report of the China Association of the National Shipbuilding Industry (CANSI).

During the same period, the complete export trading value of the 80 companies came to CNY 134.6bn with a 22.6% decline comparing with the same time period a year ago, of which, shipbuilding decreased by 24.5% to CNY 110bn while ship equipment showed a 17.1% fall to CNY 3.9bn and ship repair also declined by 15.6% to CNY 6.2bn.

Meanwhile, for the first ten months of this year, the 80 shipbuilding and its related companies of China posted CNY 201.2bn in operating revenues, down by 13.9% year-on-year, with gross profits declining by 49.8% to CNY 5.23bn.