my country’s shipbuilding industry steadily accounts for half of the world, and orders will be received in 2027

According to the latest report of the China Shipbuilding Industry Association, in 2022, my country’s shipbuilding completions, new orders and hand-held orders accounted for 47.3%, 55.2% and 49.0% of the global total in terms of deadweight tons, respectively. Accounting for 43.5%, 49.8% and 42.8%, the international market share of each indicator remains the first in the world. People in the shipbuilding industry said that the trend of my country’s shipbuilding industry from a large shipbuilding country to a powerful shipbuilding country has emerged. Orders for high-tech and high value-added ship types such as LNG (liquefied natural gas) and ultra-large container ships have surged. Around 2027. | Related reading (Shanghai Securities News)


China has ranked first in the world for three consecutive years in terms of the three major indicators of shipbuilding completions, new orders received and orders in hand. In addition to the amazing data on the global market share of the shipbuilding industry, we can also see some other confident trends. For example, the dawn of industrial upgrading.

In addition to being a labor-intensive industry, modern shipbuilding is also a high-tech industry. The global rise of China’s shipbuilding industry represents a unique approach to China’s industrial upgrading. In terms of labor, China’s shipbuilding industry has a cost advantage over Japan and South Korea, which rank second and third. In terms of technology, the launch of the Fujian ship last year also shows that the marine capabilities of Chinese ships are constantly increasing. Under the influence of the complementarity of labor force and technology, the leading competitiveness of China’s shipbuilding industry with “high quality and low price” has finally been created in the world.

From an extended point of view, the shipbuilding industry is still the stone that other large manufacturing industries in China feel when crossing the river of industrial upgrading, and its symbolic significance is greater than the actual profitability of the industry.

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