China maintained its position as the world’s leading shipbuilding nation in 2021, reporting a shipbuilding output of 39.7m dwt.
ccording to the statistics released by China Association of the National Shipbuilding Industry (CANSI), this output marks an increase of 3% year-on-year, while the newly received shipbuilding order was 67.07m dwt, increasing 131.8%.
Furthermore, shipbroker Clarksons reported that the the global newbuilding volume last year was 45.73m cgt, with China accounting for 22.8m cgt of that figure, thus surpassing South Korea which reported 17.35m cgt.
What is more, at the end of 2021, Chinese shipbuilders orderbook on hand was 95.84m dwt, increasing 34.8% year-on-year.
In addition, China’s shipbuilding output, newly received orders and orders on hand accounted for 47.2%, 53.8% and 47.6% respectively of the global shipbuilding market share, rising 4.1%, 5% and 2.9%.
Chinese state shipbuilder CSSC was ranked the world’s largest in 2021, bagging 25.984m dwt shipbuilding orders, and delivering 206 vessels.
Its the orderbook on hand was 41.953m dwt, accounting for 21.5%, 20.2% and 20.5% of global market share, respectively.
In the meantime, a move by Hyundai Heavy Industries (HHI) and Daewoo Shipbuilding & Marine Engineering (DSME) to create a new mega-shipbuilding group have been blocked the European Commission, amid concerns regarding the dominance in the construction of LNG carriers.