Skip to main content

The shipbuilding market in China – Outlook to 2022

Published by
LNG Industry,


The 'Research Report on China's Shipbuilding Industry, 2018-2022' report has been added to ResearchAndMarkets.com's offering.

The global market share of China's shipbuilding industry rose significantly from 2007 to 2017. In 2017, the quantity of completed ships was 42.68 million DWT, increasing by 20.9% YOY; the quantity of new orders was 33.73 million DWT, increasing by 60.1% YOY.

China's shipbuilding industry captured the largest global market share in all the three major indicators with the quantities of completed ships, new orders and orders on hand accounting for 41.9%, 45.5% and 44.6% respectively of the global total. China has become one of the most important shipbuilding centres in the world.

From 2018 to 2022, the global economy and the global shipping market are expected to grow, which will lead to a rising demand for new ships. Meanwhile, the increasing global investment in oil and gas development will require more offshore oil and gas platforms and promote the development of offshore wind farm equipment and LNG related equipment.

It is expected that the export volume of China-made ships will continue to grow from 2018 to 2022 because China's shipping industry has certain cost advantage on the international market.

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/01082018/the-shipbuilding-market-in-china-outlook-to-2022/

You might also like

 Webinar

[WEBINAR] Insulation advances: Mitigating noise and CUI in your LNG plant

Heightened noise levels are harmful to the well-being and productivity of a plant’s personnel as well as the surrounding environment. With excessive noise presenting so many financial and health and safety risks, LNG plants need reliable, cost-effective noise-reduction solutions. This webinar will outline the most popular acoustic standards in the industry today and distill down to the audience what they need to know in order to best protect their work personnel and profits.

Register for your free space today »

 

OLT receives small scale LNG green light

The Ministry of Economic Development has issued a decree authorising OLT Offshore LNG Toscana to provide the discharge of LNG in to small scale LNG carriers.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

China LNG news