Logistics & Transport

2017 China Shipbuilding Industry: Chance Born in Crisis

In 2016, three major indicators of shipbuilding had a significant drop and profits of relevant enterprises slumped due to the lasting downturn of shipping industry. According to CRI, in 2016, national shipbuilding completion amount was 35.32 million DWTs, down by 15.6% YOY; new orders of ships were 21.07 million DWTs, down by 32.6% YOY; up to the end of Dec, 2016, handheld ship orders were 99.61 million DWTs, down by 19% YOY. From Jan to Nov, 2016, profits of shipbuilding industry enterprises above the nationwide scale are CNY 14.74 billion,…

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Logistics & Transport

Reliable Ranking of Global Top 10 Shipbuilding Companies

The ranking of shipyards can be based on multiple parameters — from completion amount to holding orders. However, what reflects the real operation situation of a company is its sales revenue. Recently, the list of top 10 shipbuilding companies in terms of sales revenue was released by the press. It shows that the top 5 are in South Korea, China and Japan, indicating the trend of the global shipbuilding industry. (CRI note: the actual sales revenue of a company is hard to calculate. In particular, China’s two shipbuilding leaders are…

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