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China ranking first in annual shipbuilding order volume 2021

The newly signed order in 2021 is the highest level since 2014. In the first 11 months of this year, a total of 1,561 new ships were signed globally with 44.21 million CGT.
 
Taking into account the delayed report of orders and other factors, it is expected that the number of orders for the whole year of 2021 will exceed 1,600 ships.
 
Global ship deliveries have generally remained stable. In the first 11 months of 2021, a total of 1,365 new ships, totaling 79.94 million dwt, have been delivered.
 
Due to the substantial increase in new ship orders, the scale of global hand-held orders has also increased. As of December 1, global orders for 3,313 ships, totaling 90.07 million CGT, increased by 17% from the level of orders held at the beginning of the year.
 
The newly signed series of environmental protection plans show that the shipping industry is continuously accelerating its green transformation. Orders for new ships using alternative fuels have grown further this year
 
In 2021, China, South Korea, and Japan accounted for 49%, 38%, and 9% of the newly signed orders in terms of CGT.
 
Source: Sarah Yu, XINDE MARINE NEWS

The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.

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