China Knowledge reported that major enterprises in China's ship industry saw total revenues rise 25.8% from a year earlier to CNY 96.8 billion in the first five months of 2009. The growth rate was 38.9 percentage points lower compared with the same period of last year. The shipbuilding industry realized CNY 80 billion in revenue in the first five months of this year up by 35%YoY compared with a year ago, while the ship repair and dismantling industry earned CNY 13.7 billion down by 5.6%YoY.
During the period from January to May, China's 1,791 major shipbuilding enterprises had a total industrial output value of RMB 203.3 billion increasing 38.8%YoY from a year earlier. The industrial output of the shipbuilding industry surged 45% to CNY 155.3 billion, while the industrial output of the ship repair and dismantling industry rose 8.7% to CNY 25.8 billion.
The total amount of shipbuilding surged 61% year on year to 12.16 million dead weight tons in the first five months of this year while the number of new orders plunged 96% to 1.18 million dead weight tons.
An industry insider said China's ship orders in hand are adequate and will help the country's ship industry to weather the economic recession.
During the period from January to May, China's 1,791 major shipbuilding enterprises had a total industrial output value of RMB 203.3 billion increasing 38.8%YoY from a year earlier. The industrial output of the shipbuilding industry surged 45% to CNY 155.3 billion, while the industrial output of the ship repair and dismantling industry rose 8.7% to CNY 25.8 billion.
The total amount of shipbuilding surged 61% year on year to 12.16 million dead weight tons in the first five months of this year while the number of new orders plunged 96% to 1.18 million dead weight tons.
An industry insider said China's ship orders in hand are adequate and will help the country's ship industry to weather the economic recession.