Jiangsu yard orderbook up 55.4% y/y

The orderbooks of shipyards in Jiangsu Province in China stood at 1,189 vessels, or 69.68M dwt, as of the end of October, up 55.4% year on year, showed data released by the provincial authorities.

In the first 10 months of 2014, the output of newbuildings in Jiangsu province reached 197 vessels, or 9.29M dwt, down 5.9% y/y and sharing about 32.6% of China’s shipbuilding output. Up to 84.1% of these ships have been exported.

During the same period, shipyards in this province have accepted orders for 344 vessels, or 18.92M dwt, rising by 27.8% y/y and amounting to 18.5% of the world’s total.

The newbuilding output, order book as well as new orders in Jiangsu ranked the first place among the nation, stated the authorities.

China witnessed an 18.2% drop in shipbuilding output from January to October, standing at 28.47M dwt, according to data released by the Ministry of Industry and Information Technology, while newbuidling orders climbed up 15.7% y/y to 53.73M dwt and orderbook increased by 30.3% y/y, amounting to 153.55M dwt as of the end of October.
Source: IHS Maritime 360