China's shipbuilding industry maintained steady growth momentum in the first three quarters of the year, with the three major shipbuilding indicators continuously going up, said the Ministry of Industry and Information Technology Thursday.
The latest data show that from January to September, China's shipbuilding deliveries, new orders and orders on hand all grew steadily, with the three major indicators accounting for 55.1 percent, 74.7 percent and 61.4 percent of the world market share, respectively. It is noteworthy that China has taken over 70 percent of the world's green ship orders and achieved full coverage of mainstream ship types. Green, high value-added and exclusive technologies became the new highlights of China's shipbuilding industry in the first nine months.
"No matter in terms of design, shipbuilding or supporting services, we have accelerated technological innovation and new technology applications and transition to a green and high-end shipbuilding industry. After the green transformation, the value of the three major ship types, namely, bulk carriers, oil tankers and container ships, is all increasing, which is a very important factor for us to make profits," said Li Yanqing, secretary-general of the China Association of the National Shipbuilding Industry.
Among the world's 18 major ship types, China ranks first in the world in terms of new orders for 14 ship types. All shipyards have completed their operating targets for this year ahead of schedule as market demand is growing rapidly.
"In the first three quarters of this year, we received orders for civilian products worth 40 billion yuan (about 5.6 billion U.S. dollars), which is the highest in our history. As the current technology-driven shipping market is thriving, we are full of confidence in the future market," said Lin Qingshan, vice president of the Jiangnan Shipyard under the China State Shipbuilding Cooperation.
"In the first three quarters, we delivered 17 civilian ships. Hopefully we'll deliver a new high of eight LNG carriers within the year. We've also received 34 new shipbuilding orders, and have completed 200 percent of the operating orders planned for the whole year. Our production plans have been made for up to around 2030," said Weng Hongbing, president of Hudong Zhonghua Shipbuilding under the China State Shipbuilding Cooperation.
Shipbuilding industry grows steadily in Q1-3
