China eyes Europe’s jewel in the crown

In less than two and a half decades—one generation—China has come to dominate global shipbuilding. The 2020s, and 2024 especially, have been banner years for Chinese shipyards. The country now commands around 60% of the worldwide mercantile tonnage orderbook, compared with just 10% in 2000.

China shipbuilding

In less than two and a half decades—one generation—China has come to dominate global shipbuilding. The 2020s, and 2024 especially, have been banner years for Chinese shipyards. The country now commands around 60% of the worldwide mercantile tonnage orderbook, compared with just 10% in 2000.

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