While Chinese shipbuilding industry is gaining new orders during the first five months of this year, its newbuilding delivery turns out to keep declining.
According to statistical data from the China Association of the National Shipbuilding Industry (CANSI), Chinese shipbuilders delivered overall 17.19m dwt from January to May of this year, down by 23.7% from the same period of last year.
On the other hand, Chinese yards contracted a total of 13.75m dwt, up by 44.2% year-on-year.
As of the end of May, China stood on 103.51m dwt, down by 23% year-on-year and by 3.2% against the end of 2012.
During the first five months of the year, China delivered 14.16m dwt of export ships, which saw a y-o-y decrease of 24.6%, while contracted 12.32m-dwt newbuildings for export, sharply increased by 80.1%.
Export-ship orderbook at the end of May shrank by 24.1% from a year earlier to 87.05m dwt.
Vessels for export are estimated to account for 82.4%, 89.6% and 84.1% of total delivery, new order and backlog, respectively.