China shipbuilding volume up 54.7% for Jan-Feb, accounts for 45% of the global share

[beijingwalker]

China shipbuilding volume up 54.7% for Jan-Feb, accounts for 45% of the global share

CSSC Chengxi shipyard
China’s shipbuilding output and new order volume for the first two months of this year showed strong growth compared to pandemic-hit output a year ago.
Katherine Si | Mar 24, 2021


According to the statistics released by China Association of the National Shipbuilding Industry (CANSI), China’s shipbuilding output for January to February 2021 was 7.23m dwt, an increase of 54.7% year-on-year, while the volume of newly received orders was 6.81m dwt, an increase of 105%.

At the end of February, Chinese shipyards’ orderbook on hand was 70.51m dwt, a decline of 12.2% year-on-year

.Shipbuilding export volume was 6.65m dwt, an increase of 46.8% year-on-year, while newly received export shipbuilding orders were 4.88m dwt, an increase of 50.6%. Export orders on hand were 62.26m dwt as the end of February, a drop of 15.8%.

Shipbuilding export volume, new orders for export and export orders on hand accounted for 92%, 71.6% and 88.3% of national volume respectively.

As the end of February, China’s shipbuilding output, newly received orders and orders on hand respectively accounted for 45.4%, 44.7% and 45% of the global shipbuilding market share.

Fifteen major ship repair companies completed a repairing volume of 510 vessels for the first two months, an increase of 13.3%.

China shipbuilding volume up 54.7% for Jan-Feb

China’s shipbuilding output and new order volume for the first two months of this year showed strong growth compared to pandemic-hit output a year ago.

www.seatrade-maritime.com

 

[beijingwalker]

45% of the world total.... Had the rest of the world stopped building ships?

 

[KurtisBrian]

If China becomes the "enemy" then Europe and North America will have to build their own stuff again. No more imports from China.
If currencies collapse or break, Europe and NA will no longer be buying energy from the Middle East. Hence we see preparation for their economies to exist with much less cheap oil.
The "West" will have far too many transport ships.
China can probably use more since China might be buying oil from the Middle East and selling goods to Africans in exchange for raw resources.

 

[beijingwalker]

If China becomes the "enemy" then Europe and North America will have to build their own stuff again. No more imports from China.

Good luck with it.

 

[Yongpeng Sun-Tastaufen]

If China becomes the "enemy" then Europe and North America will have to build their own stuff again. No more imports from China.
If currencies collapse or break, Europe and NA will no longer be buying energy from the Middle East. Hence we see preparation for their economies to exist with much less cheap oil.
The "West" will have far too many transport ships.
China can probably use more since China might be buying oil from the Middle East and selling goods to Africans in exchange for raw resources.

Labor cost is too high in the west.

 

[T-SaGe]

45% of the world total.... Had the rest of the world stopped building ships?

During covid period, negative effects on global economy hit the world freight markets hard. Recent shipbuilding industry capacity utilization figures in western shipbuilding countries show that the risk of a deep recession continues anyway. China's labor wages were already uncompetitive, now China combines this advantage with its high technical capacity and rising quality standards. In short, the Chinese economy, which continues its development without slowing down, gradually increases its global share in everyfield.

I think it is necessary to dig deeper into the 2020 capacity utilization figures and current order-book of Korea and Japan to understand how China made such a big leap forward here. Because these countries are China's direct competitors in the large tonnage freight ships and tanker market.

 

[beijingwalker]

Does the data include warships?

 

[S10]

I think South Korea is still ahead by a little.

 

[ZeEa5KPul]

I think South Korea is still ahead by a little.

lol that would mean China and South Korea control more than 90% of global shipbuilding between them.

 

[zectech]

most important - Chinese economic growth that is not dependent on exports
2nd most important - resource security - 100 years worth of stockpiling raw materials for that Chinese economic growth, the first 10 years worth should be easy. Then keep going. Maybe 3 years of stockpiling could get enough for 10 years supply of raw materials.
3rd most important - substantially large military to protect the importation of resources China needs and defense of Chinese interests

1 depends on 2 depends on 3

 

[Suika]

The 399 meter long Triple E-class container ship, thirty-one of them built by South Korea from 2013 to 2019. Engines are partly German, by MAN. The propellars are Japanese, by Nakashima. There's also some Kawasaki and GE in the guts.
https://en.m.wikipedia.org/wiki/Triple_E-class_container_ship

https://www.google.co.jp/url?sa=t&s...FjAAegQIBRAC&usg=AOvVaw2x0UBkkOQ1RjE6mJpZ1X4T

https://www.shippingtandy.com/features/madrid-maersk/

 

[925boy]

45% of the world total.... Had the rest of the world stopped building ships?

Is that the right question or is the correct question - How do Chinese build so many ships with good quality??

 

[beijingwalker]

I think South Korea is still ahead by a little.

China shipbuilder sails to global lead on Beijing's tailwind
March 28, 2021 15:00 JST
Commercial vessel maker CSSC also benefits from nation's naval binge

DALIAN, China -- China State Shipbuilding Corp. emerged as the world's top manufacturer of commercial vessels in 2020 based on new orders, with its ascent by Beijing's determination to become a maritime powerhouse.

China shipbuilder sails to global lead on Beijing's tailwind

Commercial vessel maker CSSC also benefits from nation's naval binge

asia.nikkei.com

 

[beijingwalker]

China State Shipbuilding Discloses $1.5 Billion Newbuild Order for 13 Big Containerships
Mike SchulerApril 5, 2021

China State Shipbuilding Corporation (CSSC) says it has landed its single-largest containership order valued at over $1.5 billion.

CSSC did not disclose the buyer but reports indicate the order was placed by Swiss-based MSC Mediterranean Shipping Company, the world’s number two shipping line.

CSSC said the order encompasses thirteen newbuild containerships of 16,000 TEU capacity each. Seven will be constructed by Dalian Shipbuilding Industry Group and six by Guangzhou Shipbuilding International Co., both of which are CSSC subsidiaries. Each ship will measure 366-meters long and 51-meters wide, and will be equipped with a scrubber-fitted WinGD main engine that is reportedly LNG-ready.

CSSC hailed the order as the largest single containership newbuild order in its history and the result of the successful merger of China State Shipbuilding Corporation (CSSC) and China Shipbuilding Industry Company (CSIC), which was completed in late 2019.

China State Shipbuilding Discloses $1.5 Billion Newbuild Order for 13 Big Containerships

China State Shipbuilding Corporation (CSSC) says it has landed its single-largest containership order valued at over $1.5 billion. CSSC did not disclose the buyer but reports indicate the order was...

gcaptain.com

 

[beijingwalker]

Cosco eyes China shipyards for $3bn containership spree
Companies are in discussions with Chinese yards about conventionally fuelled vessels

8 April 2021 0:14 GMT

Boxship giants Cosco Shipping Holdings and Hong Kong’s Orient Overseas Container Line (OOCL) are in discussions with Chinese shipbuilders for up to 25 neo-panamax newbuildings worth over $3bn. Shipbuilding sources said,

Cosco eyes China shipyards for $3bn containership spree

Companies are in discussions with Chinese yards about conventionally fuelled vessels

www.tradewindsnews.com