The output of China's shipbuilding industry reached a record 14.52 million dwt in 2006, making up close to one-fifth of the global total for the same year, according to official statistics. The output of 2006 was 20 percent higher than that of the previous year.

China's top two shipbuilding giants, the China State Shipbuilding Corporation (CSSC) and the China Shipbuilding Industry Corporation (CSIC), reported annual output of 6.02 million dwt and 2.67 million dwt respectively. The rest of the market was covered by local shipbuilding companies.

China's shipbuilding companies received new orders totaling 42.51 million dwt last year, bringing the total ship orders to 68.72 million dwt, or 24 percent of the global total. Last year was the 12th consecutive year that China ranked as the third largest shipbuilder in the world, following the Republic of Korea (ROK) and Japan. China has narrowed the distance behind the ROK and Japan in output in the past two years.

Source:未知