Issuing agency: China Association of the National Shipbuilding Industry
Column: run analysis
source: https://www.cansi.org.cn/cms/document/19815.html
2025 is the final year of the "14th Five-Year Plan". my country's shipbuilding industry continues to maintain a development trend of steady improvement, progress while stability, and improvement in quality. The three major shipbuilding indicators maintain reasonable range fluctuations, the international market share continues to lead, and the amount of ship exports continues to grow. However, the uncertainty caused by global geopolitical conflicts and anti-globalization development still has an impact on the high-quality development of the shipbuilding industry.
In 2025, the national shipbuilding completion volume was 53.69 million deadweight tons, a year-on-year increase of 11.4%; the number of new orders received was 107.82 million deadweight tons, a year-on-year decrease of 4.6%. At the end of December, the number of orders on hand was 274.42 million deadweight tons, a year-on-year increase of 31.5%.
The number of export ships completed nationwide was 47.95 million deadweight tons, a year-on-year increase of 13.9%; the number of export ship orders accepted was 95.1 million deadweight tons, a year-on-year decrease of 8.1%; at the end of December, the number of export ship orders in hand was 253.56 million deadweight tons, a year-on-year increase of 30.5%. Export ships accounted for 89.3% of the national shipbuilding completions, new orders, and held orders respectively. 88.2% and 92.4%.
In 2025, the national export value of ship products was US$55.08 billion, a year-on-year increase of 26.7%. Among them, the export value of the three mainstream ship types of bulk carriers, oil tankers and container ships totaled US$30.46 billion, accounting for 55.3% of the total export value.
In 2025, my country's status as a major shipbuilding country has been further consolidated, and its market share has ranked first in the world for 16 consecutive years. my country's shipbuilding completion volume, new orders, and on-hand orders accounted for 56.1%, 69.0%, and 66.8% of the world's total in terms of deadweight tonnage, and 50.3%, 63.0%, and 59.4% in terms of corrected total tonnage. The international competitiveness of key shipbuilding companies continues to increase. Six companies respectively rank among the top 10 in the world in terms of shipbuilding completions, new orders and orders on hand. China State Shipbuilding Corporation ranks first among global shipbuilding groups in three major shipbuilding indicators.
In 2025, my country's shipping companies will deliver a batch of high-end, intelligent new equipment. Dual-fuel ro-ro passenger ships, large-scale LNG dual-fuel car carriers, very large ethane carriers (VLEC), etc. will be delivered in batches. 15 174,000 cubic meter LNG carriers will be delivered throughout the year, setting a new record for my country's large-scale LNG ship delivery. The construction cycle of "Oasis Oasis" has been shortened to 16 months to achieve global leadership. Special ship and marine equipment continues to make breakthroughs. Large-scale deep-sea fishery breeding work ships, salmon farming work ships, launch vehicle recovery ships, floating dynamic positioning cage type work ships, deep-sea green intelligent technology test ships, etc. are delivered to shipowners for use. The overall progress of the second domestic large-scale cruise ship project exceeds 90%, and the overall construction efficiency is 20% higher than the first ship. my country's shipbuilding completion volume exceeded 23.01 million corrected gross tons, exceeding the historical high of 22.86 million corrected gross tons in 2011. The repair load ratio of completed ships reached 0.43, the best level in history.
In 2025, my country's new orders will continue to remain at a high level. Among the 18 major ship types in the world, 16 of my country's new orders ranked first in the world. The international share of bulk carriers, ro-ro cargo ships, ro-ro passenger ships, multi-purpose ships, etc. accounted for more than 80%. The international shares of container ships, chemical tankers, product oil tankers, general cargo ships, etc. accounted for more than 70%. The international market share of new green ship orders reached 69.2%. Remarkable results have been achieved in the research and development of new green and environmentally friendly ship types such as the 192,000 cubic meter B-tank electric propulsion LNG carrier, the new generation 175,000 cubic meter Mark III Flex membrane LNG carrier, the 103,000 cubic meter B-tank VLEC, the 19,000TEU LNG&battery hybrid container ship, the 20,000 cubic meter liquid hydrogen carrier, and the 300,000-ton ammonia dual-fuel powered very large tanker (VLCC).
In 2025, my country will further consolidate its leading advantage in the field of offshore engineering equipment, with its market share ranking first in the world for 8 consecutive years. It has newly contracted 113 ships/seat of various types of offshore engineering equipment, worth 10.5 billion US dollars, accounting for 44.6% of the world's share in terms of value. It has undertaken batches of floating production, storage and offloading units (FPSO), semi-submersible ships, multi-functional support ships, operation and maintenance mother ships, cable-laying ships, deck transport ships, self-elevating operating platforms, Orders for three-purpose work vessels, riprap vessels, etc. The world's largest floating liquefied natural gas production unit (FLNG), a new generation of wind power infrastructure installation vessels, the world's largest all-electric drive detachable and environmentally friendly cutter suction dredger, and Asia's largest and world-leading ultra-large trailing suction dredger "Tongjun" with a capacity of 35,000 cubic meters were successfully delivered.
In 2025, key shipbuilding companies actively promoted the deep integration of ship digitalization, networking, and intelligence, and introduced strip/profile cutting robot production lines, intelligent coating production lines, digital welding machines, flexible manufacturing intelligent welding robots and other equipment, significantly improving production efficiency. At the same time, ship prices, steel prices and other market factors that affect corporate efficiency remained stable, and corporate efficiency was significantly improved. The price of marine 20mm steel plates was basically the same as at the beginning of the year. The price of 6mm specification steel rose by 3%. The Clarkson New Ship Price Index consolidated at a high level around 184 points.
According to the latest economic outlook data released by a number of international institutions, it is expected that the global economy will maintain steady growth in 2026. The global shipbuilding completion volume will remain at 120 million deadweight tons, the number of new orders will remain at 120 million deadweight tons, and the number of orders on hand will remain above 350 million deadweight tons; my country's shipbuilding completion volume will be above 60 million deadweight tons, the number of new orders will decrease slightly compared with the previous year, and the number of pending orders will remain above 250 million deadweight tons. At the same time, Faced with the current geopolitical conflicts and the challenges and uncertainties brought about by trade protectionism, the pressure on my country's shipbuilding enterprises to ensure the delivery of ships, deliver ships quickly, and deliver ships well is increasing. With the rapid increase in the production tasks of shipbuilding companies, the challenges faced by shipyards in safety production have become increasingly severe.
The entire industry should take "guaranteed ship delivery, fast ship delivery, and good ship delivery" as the core and actively respond to external risks. On the one hand, enterprises must lay a solid foundation for management, continue to improve safety production regulations and operating procedures, implement risk identification and on-site safety supervision, and jointly build a new benchmark for ship safety production. On the other hand, they must do a good job in industrial chain supply chain management and use market-oriented methods to reduce the impact of material cost fluctuations. At the same time, accelerate smart transformation and digital transformation, Promote the application of intelligent robots and automated production lines to continuously improve enterprise production and management efficiency.
Currently, shipowners have an urgent need for green intelligent systems and "one-stop comprehensive solutions" covering fuel, financing, operation and maintenance. At the same time, the R&D and construction capabilities of a new generation of advanced ship types with stronger energy-saving and environmental protection performance, higher degree of digitalization and automation will become a key factor in the competitiveness of shipbuilding companies in accepting orders. Shipping companies should increase their efforts in international operations, accelerate the construction of global marketing and service networks, promote the construction of overseas R&D centers, and enhance their international market development capabilities.
The entire industry should strengthen marine technological innovation, consolidate and improve the advantages of marine equipment manufacturing, promote high-end, intelligent, green, and integrated upgrading of the industry, accelerate the development of new offshore equipment such as floating green energy storage devices, deep-sea development equipment, deep-sea mining equipment, and polar resource development equipment, cultivate and expand emerging industries and future industries, carry out consumption innovations such as cruise ships, yachts, night cruises, and recreational fishing boats, accelerate the electrification of inland river ships, and promote the industrialization of deep-sea aquaculture equipment. Release the potential of the domestic market and cultivate new economic growth points.