Chinas 2010 Shipbuilding Activity Accounts for 48% of World Total

While, China’s shipbuilding orders have increased to 8.26 million dwt in first quarter of this year. China’s Ministry of Industry and Information Technology stated in the period from January to March the country’s output of completed ships surged 128% during the same period from 09’ to 10’ now accounts for 41% of the world’s total.

China's total shipbuilding orders amounted to 184.1 million DWT at the end of March, 2.2% less than at the end of 2009.

The total existing orders, 88% of which are for export, make up 37.3% of the world's total. In the first two months of this year, China exported US$6.72 billion worth of ships, boats and floating structures, 65.8% more than in the same period of last year.