China's shipbuilding industry continues leading position globally

Photo taken on March 12, 2019 shows the first China-made cruise ship for polar expeditions, in Haimen, east China's Jiangsu province. [Photo/Xinhua]

China's shipbuilding industry maintained its leading position globally in the first half of the year (H1) as it held sway in three key aspects, the Ministry of Industry and Information Technology has said.

The completion volume of shipbuilding in China, dropping by 10.6 percent year on year to 17.58 million deadweight tonnes (dwt) in H1, accounted for 37.2 percent of the global market share.

New shipbuilding orders, up by 3.4 percent from last year to reach 12.47 million dwt in H1, took up 67.5 percent of the market share worldwide.

The volume of holding orders, down by 6.3 percent year on year to 76.54 million dwt in H1, accounted for 48.2 percent of the global market share.

Editor: John Li