China to retain lead in global shipbuilding
China will retain its lead in the global shipbuilding market this year, and this trend is expected to persist into 2024, market watchers and shipbuilders said. With robust growth in both new orders as well as output this year, Chinese shipyards have demonstrated greater innovation, productivity and supply chain advantages compared to foreign rivals, they added. China’s shipbuilding output climbed 12.3 percent year-on-year to 38.09 million deadweight tons (dwt) in the first 11 months of 2023, accounting for 50.1 percent of the world’s total, data from the Ministry of Industry ...
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