|Chinese shipbuilding industry saw three shipbuilding indexes for the first three quarters of 2012 all declined, said the Ministry of Industry and Information Technology of China (MIIT) on October 22.|
Also, industry player suggested that Chinese shipbuilding players would remain bearish for a while and eventually face broad-scale restructuring.
According to statistical data reported by MIIT, during the first nine months of 2012, Chinese shipbuilders delivered a total of 41.58m dwt newbuildings, declined by 18.5% year-on-year. Of them, seagoing vessels accounted for 12.36m cgt.
Overall new order decreased by 46.9% to 15.41m dwt, during the same period, of them seagoing vessel taking 6.32m cgt.
Chinese shipyards' stood on 120.9m dwt of orderbook as of the end of September, dropped by 19.4% compared with the end of 2011. Seagoing vessels accounted for 40.34m cgt and export ship took 83.8% of total volume of backlog.
Published : October 24, 2012
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