China's shipbuilding industry registers robust growth in Q1

BEIJING, May 5 (Xinhua): China's shipbuilding industry saw a strong performance in the first quarter of the year while maintaining a large global share in terms of completion volume, and new and holding orders, official data shows.

The completion volume of shipbuilding in China, rising 39.8 percent year on year to 9.79 million deadweight tonnes (dwt) in the first three months, accounted for 43.4 per cent of the global market share, according to the Ministry of Industry and Information Technology (MIIT).

New shipbuilding orders surged 251.7 percent from the same period last year to 17.2 million dwt, taking up 47.4 per cent of the global market share.

The volume of holding orders, down 1.4 per cent year on year to 78.48 million dwt by the end of March, accounted for 44.6 percent of the global market share. - Xinhua
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3

Next In Aseanplus News

Myanmar’s Central Bank says deposits are safe amid cash crunch
Asean News Headlines as at 8pm on Friday (May 7)
China says its rocket debris unlikely to cause any harm
Philippines tightens controls on inbound travellers over Covid-19 variants
US' 'small clique' multilateralism to be exposed at upcoming UN session
Brunei foreign minister meets UK foreign secretary at G7
Myanmar junta seeks stability before allowing Asean envoy visit
Straits Times webinar to discuss stormy relationship between US and China
Covid-19 cases rise to 142,903 in Myanmar
Japan extends virus emergency as India posts record infections

Stories You'll Enjoy