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![Annual growth rate 9.1%! - Why China's shipbuilding industry attracts orders from the worldwide](http://vesselslink.com/cdn/shop/articles/IMG_2717_1024x1024.jpg?v=1721281357)
Annual growth rate 9.1%! - Why China's shipbuilding industry attracts orders from the worldwide
Ships Official data shows that China's ship export value achieved a remarkable year-on-year increase of 91.1% in the first half of the year, with the highest growth rate among key export commodities.
From 2002 to 2005, China's shipbuilding output doubled from 4 million deadweight tons to 10 million deadweight tons. In 2006, the shipbuilding completion volume reached 15.87 million deadweight tons, exceeding the total of European countries. In 2008, the shipbuilding completion volume exceeded 30 million deadweight tons, and the three indicators of completion volume, new order volume and order backlog surpassed Japan in all aspects, ranking second in the world. In 2010, the shipbuilding completion volume reached 67.57 million deadweight tons, and the three indicators surpassed South Korea in all aspects, leaping to the top position in the world. "Versatile Player"
![2024 Cargo Ship Forecast](http://vesselslink.com/cdn/shop/articles/Camellia_Dream_with_NRS_V03_packed_1024x1024.webp?v=1716448318)
2024 Cargo Ship Forecast
![Top 10 shipowner countries/regions in the world](http://vesselslink.com/cdn/shop/articles/GHkskbuWIAA0eVX_1024x1024.jpg?v=1713077674)
Top 10 shipowner countries/regions in the world
The 2024 list of the top 10 shipowner countries/regions in the world by total assets value of ships in the country where the beneficiary shipowner is located has been released. The report shows that there have been major changes in global shipowner assets value and shipowner strategies over the past 12 months, with Japan taking the top spot with a total fleet value of $206.3 billion, and Hong Kong, China...