Description
China's New Shipbuilding Orders (Cumulative Value) is compiled and published by the Ministry of Industry and Information Technology (MIIT) of China. This indicator measures the total value of new ship orders received by Chinese shipyards. It is commonly used to assess the economic conditions of China's shipbuilding industry and the broader industrial sector. Higher volumes of new shipbuilding orders typically reflect strong demand for new vessels and industry prosperity, while lower order volumes may indicate an industry downturn.
The new shipbuilding orders volume is calculated by accumulating the total value of new shipbuilding contracts signed by Chinese shipyards within a specific period. The statistical scope includes orders for tankers, bulk carriers, container ships, and other specialized vessels.
This data is updated monthly, reporting the cumulative value from the beginning of the year to date.