Chinese shipbuilders have secured nearly 70% of the global new - ship orders

Despite the threat of tariffs from the US government, Chinese shipbuilders still demonstrate strong market resilience and competitiveness. After being briefly overtaken by South Korea in March, Chinese shipbuilders successfully secured nearly 70% of the global new - ship orders in April and once again topped the global order - taking list.

In April this year, the global transaction volume of new - ship orders was 75 ships with a total of 3.64 million compensated gross tons (CGT). In terms of CGT, it decreased by 56% compared with 8.36 million CGT in the same period last year and increased by 82% month - on - month from 2 million CGT in March this year. Among them, Chinese shipbuilders received 51 ships with 2.51 million CGT of new - ship orders, accounting for 69% of the global market share and ranking first; South Korean shipbuilders received 15 ships with 620,000 CGT of orders, accounting for 17% of the global market share and ranking second.

From January to April this year, the cumulative global transaction volume of new - ship orders was 372 ships with a total of 12.59 million CGT, a decrease of 50% compared with 1,056 ships and 25.04 million CGT in the first quarter of last year. Among them, Chinese shipbuilders received 215 ships with 6.82 million CGT of orders, with a market share of 59%, ranking first in the world; South Korean shipbuilders received 57 ships with 2.8 million CGT of orders, with a market share of 22%, ranking second.

In April this year, the price of new - built ships slightly declined but still remained at a high level. The Clarksons Newbuilding Price Index was 187.11 points, a slight decrease from 187.43 points in March, but about 1.7% higher than 183.92 points in the same period last year. In terms of ship types, the price of a 174,000 - cubic - meter large - scale LNG carrier is 255million;thepriceofaverylargecrudecarrier(VLCC)is125 million; the price of a 22,000 - 24,000 TEU very large container ship is $273.5 million.

In January this year, the global transaction volume of new - ship orders was 51 ships with a total of 1.46 million CGT. Among them, South Korea received 13 ships with 900,000 CGT of new - ship orders, accounting for 62% of the market share in terms of CGT and ranking first; China received 21 ships with 270,000 CGT of orders, with a market share of 19%, ranking second.

In February this year, the global transaction volume of new - ship orders was 50 ships with a total of 2.07 million CGT. Among them, Chinese shipbuilders received 37 ships with 1.35 million CGT of new - ship orders, accounting for 65% of the market share and ranking first; South Korean shipbuilders received 7 ships with 290,000 CGT of orders, with a market share of only 14%, ranking second.

In March this year, the global transaction volume of new - ship orders was 58 ships with a total of 1.5 million CGT. Among them, South Korean shipbuilders received 17 ships with 820,000 CGT of new - ship orders, accounting for 55% of the global market share and ranking first; Chinese shipbuilders received 31 ships with 520,000 CGT of orders, accounting for 35% of the global market share and ranking second.

Industry analysts pointed out that the draft of Section 301 clauses targeting China's shipping, logistics, and shipbuilding industries released by the Office of the United States Trade Representative (USTR) at the end of February had a significant impact on the new - ship market, and some international shipping companies thus re - evaluated their new - ship orders. However, with the announcement of the revised port fee collection plan by the USTR in April, which reduced the fees for Chinese - built ships owned by non - Chinese companies or new - built ships, shipowners are returning to Chinese shipyards to place orders.

As of the end of April this year, the global order backlog was 160.46 million CGT, a decrease of 1.93 million CGT from the end of March. Among them, China's order backlog of new - built ships reached 94.67 million CGT, continuing to rank first with a market share of 59%; South Korea's order backlog of new - built ships was 35.57 million CGT, with a market share of 22%, ranking second.