In November, Chinese shipping companies won nearly 70% of new ship orders worldwide, and the number of orders received per month finally surpassed South Korea to rank first. However, by virtue of their advantages in the construction of high value-added ships, the cumulative orders received by South Korean shipping companies in the first 11 months of this year are still ahead of China, but the gap between the two sides has become smaller and smaller.

 

In November this year, the global new ship order volume totaled 37 ships and 790,000 CGT. Among them, the number of orders received by Chinese shipping companies was 21 ships with 540,000 CGT, accounting for 69% of the global market, and the number of orders received per month ranked first in the world. Japan ranked second in the number of orders received, with a total of 5 vessels and 110,000 CGT, accounting for 15% of the global market share. South Korea ranks only third with a total of 3 ships and 60,000 CGT, accounting for about 8% of the global market share.

 

By the end of November, Chinese shipbuilders continued to rank first in the world in terms of hand-held orders, totaling 26.29 million CGT (35%).South Korea ranked second with 20.75 million CGT (28 percent).Japan came third with 11.76 million CGT (16%).

 

Source:Sarah Yu,XINDE MARINE NEWS

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