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The world's first new orders for the shipbuilding industry in the first three quarters

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According to the latest statistics of the China Shipbuilding Industry Association, in the first three quarters of this year, China's shipbuilding industry achieved the second-best shipbuilding completion in the world, with new orders and hand-held orders ranking first in the world.
In the first three quarters of this year, China's shipbuilding industry finished second in the world, with 27.78 million deadweight tons, accounting for 31.2% of the global market, second only to South Korea, while new orders and hand-held orders were 16.92 million DWT and 192.4 million dwt respectively. Tons, accounting for 70.2% and 37.6% of the global market respectively, ranking first in the world.
Wang Jinlian, secretary-general of China Shipbuilding Industry Association, said that the above results are the result of the joint efforts of China's shipbuilding industry, but the development of China's shipbuilding industry is still grim, and market competition is increasingly fierce. In particular, the situation of difficult ship picking, difficult ship delivery, and difficult financing has not changed, but the production capacity is huge, the operating rate is insufficient, and the product homogeneity is too strong, which also triggers low-price competition. In addition, China's shipbuilding industry is still facing a severe test of structural adjustment and fierce competition in major international shipbuilding countries.