Chinese shipbuilding industry

[sunnymaxi]

Where were the US port fees in 2020-21 which caused Chinese orders to fall below Korean ones? It's a volatile industry.

View attachment 162757

highly fluctuate industry. for every month we have a different data.

in 2024, China reached at peak position. with its share of the global orderbook surging to 70% in 2024. most of local shipyards have backlog orders till 2028. so it was obvious there will be a dip in 2025 and it happened.
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there are two important measures in shipbuilding. deadweight tonnage and order backlog

despite the dip in 2025, China still the largest and dominated power in shipbuilding.

From January to September 2025, China's completed shipbuilding output reached 38.53 million deadweight tons (DWT), up 6.0 percent year-on-year; new orders totaled 66.60 million DWT, down 23.5 percent; and as of the end of September, order backlog stood at 242.24 million DWT, up 25.3 percent year-on-year.

During the same period, China's share of the global market, measured by deadweight tonnage, accounted for 53.8 percent of completed output, 67.3 percent of new orders, and 65.2 percent of order backlog. Measured by compensated gross tonnage (CGT), the shares were 47.3 percent, 63.5 percent, and 58.6 percent, respectively, maintaining China's leading position in the global shipbuilding industry.

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[dingyibvs]

What you're saying is one aspect, but looking at this year's new order data, the decline in new orders for Chinese shipyards far exceeds that of South Korean shipyards.

That's not how this works, you need to average out muiltple years in this business to see the trend. Month-to-month is waaaay too short period of time. Last year was a banner year for China partly because of the high overall shipbuilding orders. Shipyards elsewhere do not have excess capacity, so when more ships than usual are ordered then the excess ships have to go to Chinese shipyards. There's been an overall chill in the market due to at least perceived deglobalization trends since "liberation day", and less overall ship orders will then in turn disproportionately affect Chinese shipyards.

What will affect Chinese shipyards in the long term is 1) continued increase in global trade despite the headwinds, and 2) continued move up the supply chain. The SK shipyards will primarily be affected by #2.

 

[iewgnem]

New U.S. port tax unlikely to have much effect on China's shipbuilding momentum

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I guess they're going to separate analyze the effect of China's port tax with exemption for Chinese built vessels and those placing new orders at Chinese shipyards, lol

And then there's the potential for Chinese sanctions on South Korean shipyards if they take on maintenance orders for US navy ships

 

[GulfLander]

Canadian MP complaining about building ferries in CN.

https://twitter.com/i/web/status/1978613889693880449

 

[AndrewS]

That's not how this works, you need to average out muiltple years in this business to see the trend. Month-to-month is waaaay too short period of time. Last year was a banner year for China partly because of the high overall shipbuilding orders. Shipyards elsewhere do not have excess capacity, so when more ships than usual are ordered then the excess ships have to go to Chinese shipyards. There's been an overall chill in the market due to at least perceived deglobalization trends since "liberation day", and less overall ship orders will then in turn disproportionately affect Chinese shipyards.

What will affect Chinese shipyards in the long term is 1) continued increase in global trade despite the headwinds, and 2) continued move up the supply chain. The SK shipyards will primarily be affected by #2.

Shipyards outside of China have even longer delays for new ship orders.

 

[tphuang]

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10月23日，中国船舶集团旗下广船国际为MSC地中海航运集团旗下客渡轮运营商GNV量身打造的现代化大型绿色豪华双燃料客滚船“GNV·VIRGO（GNV·室女座）”号在广州南沙命名交付。这艘双燃料客滚船可使用燃油和更清洁的液化天然气作为动力，具备完全自主知识产权，船舶内装实现了100%国产化，交付后将用于意大利热那亚至巴勒莫之间的航线运营。

GSI delivered GNV-VIRGO to MSC. This passenger Roro ship is LNG dual fuel. It uses entirely self developed IP with 100% domestic interior! That interior part was a little unexpected for me.

 

[BoraTas]

China's ports handle double the traffic combined American, Korean and Japanese ports do. If the American fees affect the shipbuilding industry China can introduce fees or even quotas to foreign ships docking the Chinese harbors.

 

[tphuang]

https://twitter.com/i/web/status/1981498546164502828

China launches the largest battery electric ship at 13700t displacement for mostly transportation along Yangtze River.

 

[gelgoog]

China's ports handle double the traffic combined American, Korean and Japanese ports do. If the American fees affect the shipbuilding industry China can introduce fees or even quotas to foreign ships docking the Chinese harbors.

They should just do like the Houthis. Charge fees for any boat which has travelled to the US ever. Or shipping companies who operate at US ports.

 

[tphuang]

https://twitter.com/i/web/status/1984604304301232437

Hudong Zhonghua is the star of CSSC subsidiaries and now has received over 100 LNG carrier orders. Domestic supply chain has risen from 30 to 80% since 2008.