The latest development trend of China shipbuilding industry

VesselsValue said recently that after years of depression, Chinese shipyards began to receive more orders. The last wave of cyclical downturn seemed to have passed, and buyers began to return to the order. The most obvious change is in the dry bulk sector, where steadily rising freight rates and moderate fleet capacity growth have led to a sustained increase in new orders, most of which are within expectations, since many orders actually appeared in the late 2000 boom. Shipowners seem to be starting to think more carefully about replacing old ships with new ones and weighing existing business opportunities.

Recently, the price of shipbuilding materials has steadily increased, especially the stricter environmental protection policy of the Chinese government, further restricting the production capacity of some materials and increasing the price range. Shipbuilding costs have risen significantly.