China's shipbuilding industry continues to expand its leading advantage in the global new ship market. According to data released by Clarkson on March 6th, in February this year, the global volume of new ship orders was 163 vessels, totaling 5.21 million compensated gross tons (CGT), which represents a 15% increase in CGT compared to the same period last year. Chinese shipbuilders secured orders for 131 vessels, totaling 4.15 million CGT, accounting for 80% of the global market share, ranking first. South Korean shipbuilders received orders for 17 vessels, totaling 0.57 million CGT, with a market share of 11%, placing them in second position.

In February this year, shipbuilding orders from China and South Korea accounted for 91% of the global total, with the order volume of Chinese shipbuilders being 7.7 times that of South Korea. Particularly in the high value-added ship types sector, Chinese shipbuilders have seen a rapid improvement in order quality, with an average CGT per vessel of 35,300, surpassing South Korea's 48,000 CGT. Chinese shipbuilders have shown a strong momentum in the high value-added ship types sector, demonstrating a trend of sustained growth.

Last year, the total global new ship orders amounted to 2036 vessels, totaling 56.42 million CGT, with Chinese shipbuilders receiving orders for 1421 vessels, totaling 35.37 million CGT, maintaining a market share of 63% and remaining at the top globally. South Korean shipbuilders ranked second in order volume, accounting for 21% of new ship orders. Chinese shipbuilders have held the top position globally for 11 consecutive months.

From January to February this year, the global volume of new ship orders reached 359 vessels, totaling 11.97 million CGT, with Chinese shipbuilders securing orders for 261 vessels, totaling 8.69 million CGT, maintaining a market share of 73% and retaining their top global position. As of the end of February this year, the global backlog order volume reached 183.56 million CGT, with China holding a backlog of new ship orders totaling 114.56 million CGT, maintaining a market share of 62% and securely holding the top spot. In February this year, new ship prices experienced a slight decline, with the Clarkson New Ship Price Index at 182.14 points. Prices for various ship types also fluctuated.