China's H1 Shipbuilding Output Jumps 51.2% to 36.5 Million DWT as Green Orders Surge
Updated
Updated · IndexBox, Inc. · Jul 30
China's H1 Shipbuilding Output Jumps 51.2% to 36.5 Million DWT as Green Orders Surge
1 articles · Updated · IndexBox, Inc. · Jul 30
Summary
China built 36.5 million deadweight tons of ships in January-June, up 51.2% year on year and equal to 62.2% of global output, according to the industry ministry.
New orders drove the surge, soaring 173.1% to 121.06 million DWT and lifting China's global share to 82.3% as shipowners accelerated fleet decarbonization.
The order book reached 363.25 million DWT by end-June, up 54.9% from a year earlier and representing 71.2% of worldwide volume, signaling sustained demand.
Higher-value vessels and localization are boosting margins: a private Jiangsu yard completed its first large LNG carrier with a localization rate above 65%, while green retrofits are raising efficiency on bulk carriers.
Exports showed the shift toward value over volume, with 3,412 vessels shipped abroad—up 0.7%—while export value climbed 24.9% to 219.32 billion yuan.