In the year to November, 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 10.6% year-on-year to CNY 322.8bn ($53.1bn).

Of which, shipbuilding sector dropped by 25.5% to CNY 165.2bn while ship equipment showed a 16.8% drop to CNY 22.7bn and ship repair also declined by 6.5% to CNY 10.9bn, 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 163.5bn with a 15.4% decline comparing with the same time period a year ago, of which, shipbuilding decreased by 23.3% to CNY 129.9bn while ship equipment showed a 16.4% fall to CNY 4.6bn and ship repair also declined by 14.3% to CNY 6.8bn.

Meanwhile, during January-November of this year, the 80 shipbuilding and its related companies of China posted CNY 217.4bn in operating revenue, down by 15.8% year-on-year, with gross profits declining by 63.5% to CNY 4.66bn.