Orders Up, Deliveries Down: China

Amid a slow recovery seen in global shipbuilding market for the first three months in 2013, Chinese shipbuilding industry also showed an increased order intakes comparing with the same time period last year, however, the deliveries were seen to keep decreasing.


According to a statistical data from the China Association of National Shipbuilding Industry (CANSI), China delivered a total of 9.45m dwt vessels in the first quarter of this year, representing a 15.6% decrease against the same period in 2012. As for new orders intakes, they amounted to 9.57m dwt, a 71.1% increase with 107m dwt of orderbook as of the end of March, showing a 24.6% fall, year-on-year and roughly equaling to the level seen at the end of 2012.


During the same period, China delivered a combined 7.83m dwt vessels for export, showing a 17.3% decrease year-on-year while winning vessels of 8.76m dwt from foreign shipowners, a 99.1% rise year-on-year. Orderbook of export ships stood on 91.49m dwt as of the end of March, showing a 22.9% decrease comparing with the same time period of last year.


Export ships are reported to have accounted for 82.9%, 91.6% and 85.5% in overall delivery, order intakes and orderbook, respectively.

Source: http://www.asiasis.com