Mindblowing!! China secures 76% of global shipbuilding orders in April: data

[Beijingwalker]

The Korean shipbuilding industry's share of global shipbuilding orders plummeted to less than 10 percent in May. This was blamed on a decline in orders for Korean shipbuilders' main ship types including liquefied natural gas (LNG) carriers.

By country, China topped the standings with 1.54 million CGT (54 ships,85 percent), followed by Korea with 170,000 CGT (2 ships, 10 percent).

This is a huge drop for South Korea, barely a decade ago South Korea was the unrivaled dominant force in the global shipbuilding industry.

 

[Beijingwalker]

In April China seized 76% of Global shipbuilding orders and in May it's 85%, This is just unstoppable. at this speed, China literally will soon become the only country on earth which builds ships.

 

[Beijingwalker]

Chinese Jiangsu province caputures 30% of the global shipbuilding orders