.China leads in shipbuilding

 Orders for China's rebounding shipbuilding industry reached the top place in the world in the past 11 months, surpassing its counterpart South Korea, according to an international industrial analysis agency.

 

 

According to the data released by British shipbuilding and marine analysis agency Clarkson Research Services on Friday, from January to November, China's shipbuilding order volume totaled 7.13 million compensated gross tons from 324 vessels, followed by South Korea, which has received 5.74 CGT.

 

It is the first time in the past seven years China has exceeded South Korea in shipbuilding orders.

 

The data also show that China's shipbuilding industry secured 36.3 percent of the global market, 7 percentage points more than South Korea, which accounts for 29.4 percent of global orders.

 

Chinese shipyards have been performing well this year.

 

This August, French group CMACGM SA ordered nine 22,000 twenty-foot equivalent units container vessels from Shanghai Waigaoqiao Shipbuilding Co and Hudong Zhonghua Shipbuilding Co.

 

In October, China State Shipbuilding Corp, China Investment Corp and Carnival Corp, the world's biggest cruise operator, signed an agreement to invest total 25.5 billion yuan ($3.85 billion) to build a super luxury cruise ship. It was also the first order of this kind Chinese shipbuilding companies had ever received.


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