Friday, November 16, 2012

[Ship Building] Chinese deliveries soar

Chinese deliveries soar

Chinese shipbuilders' delivery of newbuilding steel ships for domestic owners turns out to have sharply increased last month.

According to a latest report from the National Bureau of Statistics of China, during October, Chinese shipyards delivered overall 7.6m dwt steel ships to local shipowners, up by 20.3% year-on-year and up by 45.91% month-on-month.

Moreover, new orders increased, as well, during the same month.

Statistical data from showed that Chinese shipyards contracted a total of 59 newbuildings, up by 19 vessels from September. Among them, 15 low-margin newbuildings, up by seven vessels month-on-month, and nine offshore drilling platforms were contracted.

Local sources blamed shipping and shipbuilding woes on troubled economy in the US, along with uncertain global economy, etc., and prospected that market downturn will not be recovered soon.

Published : November 15, 2012

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