China Remains World's Leading Shipbuilder In 2021
Fahad Shabbir (@FahadShabbir) Published January 22, 2022 | 02:47 PM
China's shipbuilding sector continued to take the lead globally last year, as busy maritime transport across the world pushed up ship demand
BEIJING, (UrduPoint / Pakistan Point News - 22nd Jan, 2022 ) :China's shipbuilding sector continued to take the lead globally last year, as busy maritime transport across the world pushed up ship demand.
The country's shipbuilding output, an indicator reflecting the vitality of the sector, amounted to 39.7 million deadweight tonnes (dwt) in 2021, rising 3 percent year on year, data from the Ministry of Industry and Information Technology showed.
The 2021 output accounted for 47.2 percent of the world's total, up 4.1 percentage points from that in 2020, the ministry said.
New shipbuilding orders, another major indicator of the shipbuilding industry, surged 131.8 percent year on year to 67.07 million dwt in 2021, accounting for 53.8 percent of the global market share.
Holding order volumes came in at 95.84 million dwt by the end of last December, rising 34.8 percent from the end of 2020 and taking up 47.6 percent of market share globally.
The ministry also said the international competitiveness of Chinese shipbuilding companies further enhanced in 2021, with six companies ranking among the
Recent Stories
Punjab CM inaugurates Pakistan’s first Virtual Women Police Station
Dutch model Donny Roelvink embraces Islam
Experts raise concerns over introduction of 10-stick packs
Iranian president arrives in Karachi
Law Minister expresses Govt's resolve to address issue of missing persons
Rizwan’s batting order may be changed: Sources
Nawaz Sharif to visit Guangzhou exhibition in China
FM Dar not traveling to China: Foreign Office
PM takes notice of deliberate delay in tax cases
Iranian President visits Allama Iqbal’s mausoleum
Iranian President arrives in Lahore today
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 23 April 2024
More Stories From Business
-
Afghan trade delegation, FPCCI discuss bilateral trade
2 hours ago -
With knowledge economy, Mauritius is a stable economy: Envoy
2 hours ago -
Aurangzeb reiterates govt's resole to reduce poverty, promote sustainable development
3 hours ago -
Finance minister meets Chairman Anjuman-e-Tajran; discuss issues of business community
3 hours ago -
Govt ensuring digital access as fundamental right: Ahsan Iqbal
4 hours ago -
WHO delegation calls on Chairman FBR
4 hours ago
-
Bill drafted to regulate veterinary sciences and animal welfare: Tanveer
4 hours ago -
General Motors lifts 2024 profit forecast after strong Q1
4 hours ago -
Pakistan aims to reach $3 trillion economy by 2047: Ahsan Iqbal
5 hours ago -
Digital technologies play significant role in economic growth: Shaza
5 hours ago -
Experts raise concerns over introduction of 10-stick packs
6 hours ago -
SACM directs making technical institutes as skill imparting centres
6 hours ago