Chinese shipbuilding industry
- Thread starter tphuang
- Start date
Yeah, Korean yards are on acquisition frenzy. They bought a Singaporean yard recently. (Hanwha ocean)
But they also outsource alot of work to China, but sometimes it is the clients that does it. i.e. the Koreans might get the haul assembly but alot of the modules are done in China and elsewhere.
Shipyards are crazy busy right now, with FPSO programs goings nuts, and Koreans eating all the FLNG orders because US sanctioned their only competitor Wison's main yard in Zhoushan.
Its kind of funny how US think they can influence anything in ship building. The Chinese yards barely have any orders with the US, and the US companies usually don't directly contract the works to the yards anyway.
Kind of ironic because US projects are pricing themselves out of financial viability because of lack of labor and high costs due to tariffs and reluctance to use Chinese yards, so their competitors gets across the line and use Chinese ship yards anyway. Most of the yards have long order books till 2029 and beyond now. Those yards not busy are either holding out for high margin work because everyone else is taken, or are just incompetent that clients don't want to take the risk. (Or sanctioned)
Busy times regardless of what the US do.
Is Wison's shipyard then not busy because of the sanctions by US or are they also busy with other orders?
They sold the Zhoushan yard off lol.. But as expected in Chinese style, they went ahead and built a bigger, new one. Think it'll be put into operation next year, with parts already open this year. They are busy with plenty of non-US work anyway, like ENI, Genting and Nigeria etc. Not sure what the new owners of the Zhoushan yard is going to be doing, but it still had stuff for Arctic LNG 2 in it. They won't be short of work that is for sure even with just domestic stuff.....
Port fees were announced in April. And they attribute the drop in the first 6 month to port fees which came in the last 2 months?
I'm interested in seeing the month by month orders info
Otherwise it's another case of attributing to a trump win when it could be an industry downturn of a certain type of ship. Coming from the SCMP, inwoielnt put it past them to up play some of Trump's policies with glee
Seems like June is still an increase from may
If the turned continues only for Chinese shop yards, I'm pretty sure china will respond.
Recommend looking at this.
A sharp drop of 81%, Chinese shipyards ranked first again
Source: 龙de船人 2025-07-04 16:05
Clarksons new shipbuilding market data for June was released, and the monthly new ship orders plummeted again, and Chinese shipyards ranked first again!
According to the data released by Clarksons on July 4, the global new ship orders in June this year were 2.56 million CGT (84 ships), based on CGT, down 81% from the same period last year (13.26 million CGT, 527 ships), and up 44% from the previous month (1.78 million deadweight tons).
By country, Chinese shipbuilders received new orders of 1.37 million CGT (50 ships), with a market share of 53%, ranking first in the world; Korean shipbuilders received new orders of 1.05 million CGT (18 ships), with a market share of 41%, closely following.
Data shows that the total global new ship orders from January to June this year were 19.38 million CGT (647 ships), a sharp drop of 54% compared with the same period last year (42.58 million deadweight tons, 1,788 ships). During this period, Chinese shipbuilders had orders of 10.04 million CGT (370 ships), with a market share of 52%, a decrease of 65% from the same period last year, ranking first; South Korean shipbuilders had orders of 4.87 million CGT (113 ships), with a market share of 25%, a decrease of 33% from the same period last year, ranking second.
Based on the end of June, the global backlog of new ship orders was 163.74 million CGT, a decrease of 1.58 million CGT from the previous month. By country, Chinese shipbuilders had 96.82 million CGT orders, an increase of 20.44 million CGT over the same period last year, and a decrease of 990,000 CGT from the previous month, with a market share of 59%, ranking first in the market; Korean shipbuilders had 35.42 million CGT orders, a decrease of 3.18 million CGT from the same period last year, and a decrease of 890,000 CGT from the previous month, with a market share of 22%, ranking second; Japanese shipbuilders had 13.77 million CGT orders, with a market share of 8%.
As of the end of June, the Clarksons New Shipbuilding Price Index was 187.11, up 0.42 points from the previous month (186.69), returning to the level of April (187.11). Compared with June 2020 (126.93), it increased by 47%. This shows that the rising trend of ship prices continues.
By ship type, the newbuilding price of large liquefied natural gas (LNG) carriers of 174,000 cubic meters is about US$255 million, the same as last month; the newbuilding price of very large crude carriers (VLCCs) is about US$126 million, up US$1 million from May; the newbuilding price of ultra-large container ships (22,000TEU-24,000TEU) is about US$273 million, the same as last month.
A sharp drop of 81%, Chinese shipyards ranked first again
Source: 龙de船人 2025-07-04 16:05
Clarksons new shipbuilding market data for June was released, and the monthly new ship orders plummeted again, and Chinese shipyards ranked first again!
According to the data released by Clarksons on July 4, the global new ship orders in June this year were 2.56 million CGT (84 ships), based on CGT, down 81% from the same period last year (13.26 million CGT, 527 ships), and up 44% from the previous month (1.78 million deadweight tons).
By country, Chinese shipbuilders received new orders of 1.37 million CGT (50 ships), with a market share of 53%, ranking first in the world; Korean shipbuilders received new orders of 1.05 million CGT (18 ships), with a market share of 41%, closely following.
Data shows that the total global new ship orders from January to June this year were 19.38 million CGT (647 ships), a sharp drop of 54% compared with the same period last year (42.58 million deadweight tons, 1,788 ships). During this period, Chinese shipbuilders had orders of 10.04 million CGT (370 ships), with a market share of 52%, a decrease of 65% from the same period last year, ranking first; South Korean shipbuilders had orders of 4.87 million CGT (113 ships), with a market share of 25%, a decrease of 33% from the same period last year, ranking second.
Based on the end of June, the global backlog of new ship orders was 163.74 million CGT, a decrease of 1.58 million CGT from the previous month. By country, Chinese shipbuilders had 96.82 million CGT orders, an increase of 20.44 million CGT over the same period last year, and a decrease of 990,000 CGT from the previous month, with a market share of 59%, ranking first in the market; Korean shipbuilders had 35.42 million CGT orders, a decrease of 3.18 million CGT from the same period last year, and a decrease of 890,000 CGT from the previous month, with a market share of 22%, ranking second; Japanese shipbuilders had 13.77 million CGT orders, with a market share of 8%.
As of the end of June, the Clarksons New Shipbuilding Price Index was 187.11, up 0.42 points from the previous month (186.69), returning to the level of April (187.11). Compared with June 2020 (126.93), it increased by 47%. This shows that the rising trend of ship prices continues.
By ship type, the newbuilding price of large liquefied natural gas (LNG) carriers of 174,000 cubic meters is about US$255 million, the same as last month; the newbuilding price of very large crude carriers (VLCCs) is about US$126 million, up US$1 million from May; the newbuilding price of ultra-large container ships (22,000TEU-24,000TEU) is about US$273 million, the same as last month.
Accdg to the video, the shanghai shipyard that builds LNG carriers are "fully booked until 2031"..