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China's shipbuilding industry to accelerate production capacity

Despite the recent new orders for new ships, the shipping market began to show signs of recovery, but China's shipbuilding industry is still facing the problem of declining orders for new ships and unsustainable overcapacity. Further consolidation is seen as an inevitable trend in the industry. From 2011, China's top 10 shipbuilding delivery accounted for 35% to 53% in 2016, and then must reach 70% by 2020, China's shipbuilding capacity consolidation will continue, which also means that there will be more in the future The shipyard will be discontinued, bankrupted or acquired.

Data show that from 2009 to 2016, more than 140 domestic shipowners bankruptcy, most of them privately owned shipping companies, about 90 were merged with the shipping companies. Among them are Dongfang Heavy Industries (Position Review News), Zhuang Ji Shipyard (Position Review News), and Shipbuilding (Position Review News), Matilda (Position Review News), Yangzhou Ocean Shipping (Position Review News) and many other heavyweights Shipowners bankruptcy.
Chinese state-owned shipping companies are also experiencing difficulties.


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