Customer Service

Home > Article > News Delivery

China’s shipbuilding output in 2017 and forecasts of 2018.      [2018-01-24]

According to China’s Ministry of Industry and Information Technology, in 2017, China’s shipbuilding output was 42.68 million deadweight tons, an increase of 20.9% over the same period of 2016; new orders were 33.73 million deadweight tons, up by 60.1%. The shipbuilding for export was 39.44 million deadweight tons, up 17.9% YoY.

It is estimated that new ships to conclude globally in 2018 will reach 70 million to 75 million dwt and offshore equipment sales will reach 13 billion U.S. dollars. The price of new ships may rise slightly. The sales of large vessels will drop in 2018 with some small and medium-sized vessels actively dealt with. The market of special vessels such as luxury cruise ships, car carriers and ro-ro passenger vessels remains explored. Global oil & gas market continues to pick up. The hot spots will be floating production platforms (FPSO), offshore operation and maintenance facilities and LNG-related equipment.

CLIK expect that in 2018, the major economic indicators of China's shipbuilding industry will continue to be at a low level with the decline in output. The new orders will increase compared with that of 2017, with 80 million dwt of hand-held orders by the end of 2018.