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2010 December 15   09:23

China’s completed shipbuilding work up 55.4% to 5.96 mil dwt in November

China completed shipbuilding work totaling 56.76 million dwt over January-November this year, up 55.4% year on year, data from the Ministry of Industry and Information Technology showed Monday.
Overseas orders represented 82% of the total tonnage built.
For November, China completed shipbuilding work totaling 5.96 million dwt, up 19.7% from 4.98 million dwt in October, and up 33.6% from 4.46 million dwt in November 2009, Platts data showed.
Chinese shipyards received shipbuilding orders for 63.98 million dwt over the January-November period, 2.8 times the ordered volume in the same period last year. Of this, overseas orders accounted for 77%.
In November, Chinese shipyards received orders to build ships totaling 9.36 million dwt in volume, up 139.4% from 3.91 million dwt in October, and up 144.4% from 3.83 million dwt in November 2009.
At the end of November, Chinese shipyards had orders totaling 199.36 million dwt, up 2.9% month on month and 5.9% year on year. Of that, 85.3% was export oriented.

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