In the first half of 2024, China’s ship exports saw a staggering increase of 91.1 percent, far exceeding the 22.2 percent export growth of automobiles.
Data from the China Association of the National Shipbuilding Industry shows that in 2023, out of the world’s 18 main ship types, China ranked first globally in new orders for 14. Specifically, new orders for bulk carriers, tankers, container ships, and car carriers accounted for 79.6 percent, 72.1 percent, 47.8 percent, and 82.7 percent of the global total, respectively.
Some shipbuilding companies disclosed that they currently have a full order book, with schedules already set until the end of 2027, and some even extending into 2028.
