Chinese shipbuilding booms as vessel orders top $123bn

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

Source: Veson Nautical

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.

Data analysed by Veson Nautical shows strong demand for tankers, bulkers and container ships is driving Chinese shipbuilding to its highest levels since 2009.

Continue this article…

Already subscribed? SIGN IN now

V2-MS

Sign up for FREE to continue this article!

Want to read more before deciding on a subscription? It only takes a minute to sign up for a free account and you’ll get to enjoy:

  • Weekly newsletters providing valuable news and information on the shipping sector
  • Full access to our news archive
  • Live and archived webinars, podcasts and videos
  • Articles on innovations and current trends in the shipping industry
  • Our extensive archive of data, research and intelligence

Get more free content sign up today

Ready to subscribe? Choose from one of our subscription packages for unlimited access!