Wednesday, July 13, 2011

China ship exports near $20bn

Chinese shipbuilders have exported ships worth near $20bn in the first half of the year.

China Customs revealed during the first six months Chinese shipyards exported $19.3bn worth of ships, soaring 47% against the same period of last year.

In June the figure stood at $3.3bn, up 27%.

Bulkers, tankers and boxships occupied 81% of the entire exported ships during January-June period, and bulker exports came in at $9.7bn, taking 50% of the total export-ship value.

Zhejiang province-based shipyards exported $4.1bn ships, taking the No. 1 position, followed by Jiangsu and Shanghai yards.

During the same period Chinese imported $1bn worth of ships, up 41% year-on-year, with June figure totaling $370m, increasing 128%.
Chinese mainly imported scrap vessels and floating structures followed by bulkers and dredgers.

Chinese shipyards have a large orderbook and the export of ships is expected to continue to grow in the latter half of the year but the growth is forecast to get slower.

Published : July 13, 2011

Source: Asiasis

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