China Ship Building Looks Up

88 medium-size and large shipbuilding enterprises in China realized an aggregate gross industrial output value of RMB 163.0 billion ($26.3 billion) during the January-May period this year, up 5.5 percent year on year, says China Association of the National Shipbuilding Industry (CANSI).

The aggregate shipbuilding output in China amounted to 15.48 million deadweight tons (dwt), up 18.9 percent year on year.
 
In the given period, the shipbuilding enterprises recorded an aggregate export value of RMB 68.0 billion ($10.97 billion), up 3.7 percent year on year.
 
In the January-May period, the shipbuilding enterprises in question saw an aggregate operating revenue of RMB 102.0 billion ($16.5 billion), up 4.4 percent, and a total gross profit of RMB 2.06 billion ($0.33 billion), down 17 percent year on year.
 
China’s new ship orders amounted to 7.86 million dwt, down 77.4 percent year on year. As of the end of May, ship orders on the books of Chinese shipbuilding enterprises totaled 138.18 million dwt, down 8.2 percent year on year and decreasing by 7.5 percent compared to the end of 2014
 
Meanwhile, China’s new ship export orders in the period in question amounted to 6.65 million dwt, down 79.8 percent year on year and constituting 84.6 percent of total new ship orders. 
 
As of the end of May, ship export orders on the books of Chinese shipbuilding enterprises totaled 132.01 million dwt, down 6.7 percent year on year and constituting 95.5 percent of total ship orders on the books of Chinese shipbuilding enterprises.