China becoming world’s go-to for shipbuilding after ‘boom of overseas orders’, but global de-risking threatens to rock the boat

As China steps up efforts to take more market share in the global shipbuilding industry, some Western countries are poised to pull back to avoid overreliance on Chinese manufacturing at a time of politically charged de-risking.

The China State Shipbuilding Corporation became the biggest shipbuilder in the world after a merger in 2019, and the government-run Xinhua News Agency said last week that the builder had seen a “boom of overseas orders” this year, with production plans scheduled into 2027.