BEIJING, May 5 (Xinhua) – China’s shipbuilding industry performed strongly in the first quarter of the year while maintaining a large global share in terms of completion volume and new and pending orders , according to official data.
China’s shipbuilding completion volume, up 39.8% year on year to 9.79 million deadweight tons (dwt) in the first three months, accounted for a global market share of 43.4%, according to the Ministry of Industry and Information Technologies.
New shipbuilding orders jumped 251.7 percent from the same period last year to 17.2 million dwt, a world market share of 47.4 percent.
The backlog of orders, which fell 1.4% to 78.48 million dwt at the end of March, accounted for a global market share of 44.6%. End
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