皇冠体育app

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Shipbuilding industry grows slightly in Jan-May

By Xie Yu in Shanghai (chinadaily.com.cn) Updated: 2012-06-26 13:35

The total industrial output value of 皇冠体育app's shipbuilding industry reached 240.6 billion yuan ($38.2 billion) in the first five months of 2012, but the growth rate was only 0.7 percent year-on-year, the 皇冠体育app Association of the National Shipbuilding Industry said on Monday on its website.

皇冠体育app's shipbuilders finished 22.53 million dead weight tons of shipbuilding orders in the first five months this year, a decrease of 10.1 percent year-on-year. New ship orders amount to 9.54 million DWT, a fall of 47.3 percent year-on-year.

皇冠体育app's shipping industry faces a severe test in today's sluggish global market, 皇冠体育app Securities Journal said on Tuesday.

The traditional shipbuilding industry is being hit hardest, according to the association. The ship equipment industry has seen growth of 27.1 percent. The marine engineering equipment manufacturing industry grew by 11.4 percent.

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