China 11 Months Shipbuilding Orders Drop 61%, Ministry Says

China's shipbuilders' new orders in the first 11 months of the year fell 61 percent to 22.94 million deadweight tons, the Ministry of Industry and Information Technology said in a statement on its Web site today. The country finished building 36.54 million deadweight tons of vessels in the first 11 months, 41 percent more than the same period last year, the ministry said.
China's global market share of new orders was 61.1 percent in the first 11 months of the year, up 23.4 percentage points from a year earlier, the ministry said.