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China Ship Building Exports And Orders Up

CHINA PRESS
MNI (BEIJING)
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China exported 937 ships during the first two months of this year, up 59% y/y, with new ship orders totalling 15.2 million deadweight tonnes, a rise of 64.4% y/y, according to data from the China Shipbuilding Industry Association. Given current demand trends, shipbuilders could see this up-cycle last three-five years with good demand for oil tankers and dry bulk carriers, according to Zhou Jianxiang, deputy general manager of shipyard CSSC Chengxi. Market demand had increased as countries were concerned by geo-political risk and the increasing number of conflicts, Zhou added. (Source: Yicai)

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China exported 937 ships during the first two months of this year, up 59% y/y, with new ship orders totalling 15.2 million deadweight tonnes, a rise of 64.4% y/y, according to data from the China Shipbuilding Industry Association. Given current demand trends, shipbuilders could see this up-cycle last three-five years with good demand for oil tankers and dry bulk carriers, according to Zhou Jianxiang, deputy general manager of shipyard CSSC Chengxi. Market demand had increased as countries were concerned by geo-political risk and the increasing number of conflicts, Zhou added. (Source: Yicai)