BEIJING — China’s shipbuilding industry saw increased output in 2020 while maintaining the world-leading position in terms of completion volume and new and holding orders, according to the Ministry of Industry and Information Technology (MIIT).

China’s completion volume of ships rose by 4.9 percent year-on-year to 38.53 million deadweight tonnes (dwt) last year, accounting for 43.1 percent of the world’s total, MIIT data showed.

New shipbuilding orders, down by 0.5 percent year-on-year to reach 28.93 million dwt, took up 48.8 percent of the market share worldwide.

Holding order volumes fell by 12.9 percent over one year earlier to 71.11 million dwt by the end of 2020, accounting for 44.7 percent of the global market share.

Last year, five shipbuilding companies in China ranked in the world’s top 10 in shipbuilding completion, while six were among the 10 firms worldwide with the largest new shipbuilding volume orders.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Walgreens, Kroger limit purchase of some essential products amid virus outbreak

(Reuters) – Pharmacy chain Walgreens Boots Alliance Inc (WBA.O) and supermarket chain Kroger Co (KR.N) on Thursday placed purchase limits on certain products to stabilize inventory, as customers stock up on essentials amid a global coronavirus outbreak. While Kroger placed…

CORONAVIRUS PANDEMICAlmost half of Russian small businesses fail to receive state support — survey

MOSCOW, May 29. /TASS/. The government support measures fail to cover almost 48% of small and medium enterprises, according to a survey conducted jointly by the All-Russian Popular Front and the Opora Rossii organization. The information was published on the…

Fashion designer Kenzo Takada dies from COVID-19 at age 81

PARIS — Kenzo Takada, the iconic Franco-Japanese fashion designer famed for his jungle-infused designs and free-spirited aesthetic that channeled his home continent of Asia, has died. He was 81. The family said in a statement to French media Sunday that…

China 2-year treasury bond futures close lower Wednesday

BEIJING — China’s two-year treasury bond futures closed lower on Wednesday, with the contract for September 2020 closing flat at 100.61 yuan (about $14.5). The contract for settlement in December 2020 closed unchanged at 100.37 yuan. The contract for settlement…