INDUSTRY NEWS

Chinese shipbuilding booms as vessel orders top $123bn

China’s shipbuilding sector continues to dominate the global market, with total vessel orders reaching $123 billion, fueled by rising demand across key shipping segments.

The infographic shows that tankers were the most popular vessel type ordered at Chinese yards in 2024 with 526 new vessels ordered, valued at USD 27.4 bn

China’s shipbuilding sector continues to dominate the global market, with total vessel orders reaching $123 billion, fueled by rising demand across key shipping segments.

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Tags: China China Merchants Shipping Chinese shipbuilding data analysis LNG carriers tankers Veson Nautical vessel orders

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