China's Shipbuilding Industry Continues to Expand Capacity, Securing 70.9% of Global Order Share
2026-04-01 16:33
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en.Wedoany.com Reported - According to the annual shipping market review released by the BRS Group, China's shipbuilding industry is undergoing capacity expansion, primarily driven by the restart of multiple shipyards and facility expansions by major shipbuilding groups. Data shows that China's order market share reached 70.9% by the end of 2025, with its proportion in global new orders and deliveries last year at 72.3% and 56.6%, respectively. Total shipbuilding output increased from 48 million deadweight tons to 53 million deadweight tons. China State Shipbuilding Corporation employs over 310,000 staff.

The BRS report notes that at least seven previously dormant shipyards have been reactivated or are reopening, with over a dozen existing facilities expanding their capacity. China Merchants Shipbuilding Industry Group is leading this trend, having taken over Qingdao Yangfan Shipyard and renamed it China Merchants Qingdao Shipyard. It also restarted Nanjing Dongze Shipyard and Wuhan Qingshan Shipyard for producing stainless steel oil tankers and feeder container shipping vessels, respectively. Other restart cases include Xiangshui Wanlong, Ningbo Penghong Heavy Industry, Jiangxi Xinxiangsheng, Shandong Fulton Shipbuilding, and the former Rongsheng facility renamed Wuhu Shipyard.

Expansions at existing shipyards are also significant. CSSC's Hudong-Zhonghua Shipbuilding launched a new shipyard on Changxing Island, increasing its annual LNG carrier delivery capacity to over twelve vessels. Guoyu Shipyard acquired the Peninsula and Panzhi shipyards in Zhoushan, with reopening expected by the end of 2026. Yangzijiang Shipbuilding began constructing the Yangzijiang Hongyuan shipbuilding facility, slated for operation in late 2026 with an annual capacity of 800,000 deadweight tons. Additionally, expansions at Zhoushan Ningxing, Hubei Hechuang Heavy Industry, Zhejiang Xinxinzhou Shipbuilding, among others, have added dry docks and automated production lines.

BRS also pointed out that several shipyards traditionally focused on the domestic market have secured international orders for the first time. Shandong Port & Shipping Equipment received orders for multi-purpose vessels, Anhui Port & Shipping Equipment for livestock carriers, and Shandong Jining New Energy for pure electric container ships, while also exporting components for bulk cargo shipping vessels. Overall, China's shipbuilding industry is consolidating its global position through capacity expansion and internationalization efforts.

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