China Shipbuilding Industry 2018

Complete report is spread across 80 pages is available @ http://www.reportsnreports.com/reports/279162-research-report-on-china-shipbuilding-industry-2014-2018.html .

In 2013, total new orders of ships undertook by shipbuilding enterprises in China amounted to 69.84 million DWT which increased by 242% YOY. Amount of export orders was 64.74 million DWT, up by 333% YOY. By the end of 2013, amount of holding orders in Chinese shipbuilding enterprises was 131 million DWT, up by 22.5% YOY and the holding export orders amounted to 115.41 million DWT, increased by 30.5% YOY. The completion volume of ships in China was 45.34 million DWT in 2013 which decreased by 24.7% YOY, while that of exported ships was 35.73 million DWT which dropped by 27.9% YOY.
The volume of completions, new orders and holding orders in China remained top of the world in 2013, followed by Korea and Japan. However, China''s shipbuilding industry is faced with severe problems due to depression in shipping industry in recent years. The problems include global economic recession, tougher competition, overcapacity and accelerated mergers and acquisitions. Low price of orders and increasing cost of labor and raw material also deepen the crisis.
To solve the problems, Chinese government issued several documents to support the transformation and upgrading of shipbuilding industry in the aspect of old ship elimination and investment in the industry. Generally, policies of Chinese government played an important role in transformation and upgrading of the industry, which brings more orders and time for shipping and shipbuilding market to recover.