In the first nine months of 2026, China has strengthened its leading position in the global market with impressive statistics from its shipbuilding industry. The Ministry of Industry and Information Technology of China (MIIT) has announced that the country has captured over 81% of new shipbuilding orders globally.
Key Developments in China's Shipbuilding Industry
According to MIIT's report, China built 58.05 million deadweight tons (DWT) of ships during this period, representing a 50.7% increase compared to the same period last year. Additionally, new ship orders reached 175.29 million deadweight tons, marking a 163.2% growth compared to last year. By the end of September 2026, the backlog of unfulfilled orders reached 399.13 million deadweight tons, which is a 64.8% increase from last year.
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Global Market Shares
MIIT statistics indicate that China's ship production, new orders, and backlog of unfulfilled orders account for 63.6%, 81.8%, and 72.4% of the global market share, respectively. These figures reflect China's dominance in this industry and its ability to meet global demands.
In addition to strong performance in three key indicators, China is rapidly accelerating the green transition in its shipbuilding sector. The country has captured 74.1% of the new orders for green ships, which is a 5.7% increase compared to the first half of 2026. This move demonstrates China's efforts to reduce pollution and promote green technologies in the shipbuilding industry.
In recent years, the focus on green and sustainable ships has become one of the main priorities of China's shipbuilding industry, and the country is striving to contribute to global environmental protection goals by investing in innovative technologies.
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