Orders Better, Book Still Shrinking for China’s Shipbuilders — Panjiva
MENU

Supply Chain Research

Orders Better, Book Still Shrinking for China’s Shipbuilders

China 2965 Logistics 476 Mode - Bulk 134 Mode - Containerized 1462 Mode - Seaborne 1796 Mode - Tanker 183 Theme - Shipbuilding 107

The Chinese shipbuilding industry’s orderbook continues to fall. Despite an increase in new order to 650,000 dwt in September from 190,000 in August the overall order book still fell to its lowest since June 2013. A 3% reduction in deliveries meant the remaining order book stands at 39 months of work. Panjiva data shows that China’s total export earnings from shipbuilding fell 18% in the first eight months of the year to $8.5 billion.

Copyright © 2024 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.