This undated file photo shows a liquefied natural gas tanker, built by a subsidiary of China State Shipbuilding Corp, docking at a terminal in Qingdao Port, Shandong province. (HAN JIAJUN / CHINA NEWS SERVICE)
BEIJING – China remained the world's leading shipbuilder in the first eight months of the year, industrial data showed.
According to the China Association of the National Shipbuilding Industry, the country's shipbuilding output hit 23.94 million deadweight tonnes (dwt) in the period, accounting for 45.4 percent of the world's total.
China's market share of high-end ship types further expanded, with those of liquefied natural gas ships accounting for nearly 30 percent of the global market share
New orders, another major indicator of the shipbuilding industry, stood at 28.05 million dwt, with a global market share of 50.6 percent.
Among the new orders, China's market share of high-end ship types further expanded, with those of liquefied natural gas ships accounting for nearly 30 percent of the global market share.
ALSO READ: China remains world's leading shipbuilder in 2021
China's shipbuilding holding orders totaled 102.03 million dwt during the period, up 11.5 percent year-on-year. The volume took up 47.7 percent of the market share globally.