China's shipbuilding economy this year

From January to October this year, a total of 46.67 million dwt was completed in shipbuilding throughout the country, a year-on-year decrease of 15.5%. The number of orders for new vessels was 16.64 million dwt, down 44.8% year-on-year. At the end of October, orders for hand-held vessels accounted for 116.63 million dwt, a year-on-year decrease of 29.5%, a decrease of 22.2% from the end of 2011.

The number of shipbuilding industry enterprises above designated size was 1636, and the total industrial output value was 651.5 billion yuan, a year-on-year increase of 2.7%. Among them, the shipping manufacturing industry was 491.3 billion yuan, a year-on-year decrease of 1.3%; the shipbuilding industry was 94.3 billion yuan, an increase of 19% year-on-year; the ship repair industry was 14.6 billion yuan, an increase of 10.4% year-on-year; the ship modification industry was 24.8 billion yuan, an increase of 19.3% year-on-year; The offshore engineering equipment manufacturing industry was 22.9 billion yuan, a year-on-year increase of 21.5%. Shipbuilding industrial enterprises above designated size achieved export value of RMB224.4 billion, a year-on-year decrease of 11.7%. Among them, the shipping manufacturing industry was 204.8 billion yuan, a year-on-year decrease of 12.5%; the ship supporting industry was 9.1 billion yuan, an increase of 3.4% year-on-year; the ship repair industry was 3.7 billion yuan, a year-on-year decrease of 3.5%; the ship modification industry was 2.1 billion yuan, a year-on-year decrease of 13.5%; The marine equipment manufacturing industry was 1.6 billion yuan, a year-on-year increase of 44.5%.

The country's completed exports of 38.83 million dwt, a year-on-year decrease of 16.8%; take orders for export ships 13.09 million dwt, down 41.4%; at the end of October hand-held export orders 97,380,000 dwt, down 28.5%. Export vessels accounted for 83.2%, 79.7% and 83.5% of the country's shipbuilding completions, new orders received, and hand-held orders, respectively.

From January to September, the main business income of shipbuilding industrial enterprises above designated size totaled 504.9 billion yuan, a slight increase from the same period of last year. Among them, 375.8 billion yuan was for shipbuilding industry, down 3.9% year-on-year; ship supporting industry was 77.5 billion yuan, up 23.5% year-on-year; ship repair industry was 10.6 billion yuan, up 6.5% year-on-year. The gross profit of the shipbuilding industry above designated size nationwide totaled 21.6 billion yuan, a year-on-year decrease of 34.8%. Shipbuilding industry revenue totaled 17.4 billion yuan, a year-on-year decrease of 40.1%; ship supporting industry 3.1 billion yuan, a year-on-year decrease of 2.8%; ship repair industry loss of 72 million yuan, a decrease of 98 million yuan year-on-year.