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Economy

Leading the world in multiple indicators, China's shipbuilding industry is sailing with the wind

2024-01-08   

On January 1, 2024, China's first domestically produced large cruise ship, the Aida Modu, began its commercial maiden voyage, marking China's ability to build aircraft carriers, large liquefied natural gas transport ships, and large cruise ships, and winning the title of the "Three Jewels in the Crown" of the global shipbuilding industry. Foreign media attention shows that China's shipbuilding industry leads the world in multiple indicators, and China is moving from a shipbuilding power to a shipbuilding powerhouse. The construction capacity is constantly improving. According to the website of the French newspaper Echo, the first large cruise ship built by a Chinese shipyard has opened its commercial maiden voyage, which is highly symbolic. The departure of the Aida Modu marks China's entry into the large-scale cruise ship construction market dominated by European manufacturers, especially French Atlantic shipyards, to date. The Aida Modu, built by Shanghai Waigaoqiao Shipbuilding Co., Ltd., a subsidiary of China Shipbuilding Corporation, has a total length of 323.6 meters, a width of 37.2 meters, a total tonnage of 135500 tons, 2125 rooms, and can carry 5246 passengers. It is no less impressive than large cruise ships built by Europeans. According to a recent report on Bloomberg News website, the "Aida Modu" cruise ship departed from the Wusongkou International Cruise Port in Shanghai on January 1st, starting a 7-day and 6-night journey that includes Jeju Island in South Korea, Nagasaki in Japan, and Fukuoka. This passenger ship has 16 floors and 22 distinctive restaurants and bars, including mahjong parlors, beer houses, hot pot restaurants, duty-free shops, and theaters that showcase Chinese style musicals such as "Marco Polo: Silk Road Romance". This cruise ship provides Chinese tourists with a way of traveling that allows them to go abroad without completely deviating from the comfortable lifestyle in China. According to Agence France Presse, China's first domestically produced large cruise ship has officially launched its commercial maiden voyage, marking the continuous improvement of high-end construction capabilities as China actively seeks independence in key technological fields. The departure of the Aida Modu cruise ship marks another milestone in China's large-scale shipbuilding industry. According to data from the China Shipbuilding Industry Association, from January to November 2023, China's shipbuilding completion volume, new orders received, and handheld orders accounted for 50.1%, 65.9%, and 53.4% of the global total in deadweight tons, respectively, ranking first in the world in all three major indicators. Chinese shipbuilding products are gradually covering all ship types in the market, accounting for over 40% of the international market share in production, and the industry's annual revenue exceeds 500 billion yuan. Foreign media pointed out that in recent years, China's shipbuilding industry has developed rapidly and achieved many impressive results. "China has become a leader in the field of large-scale ocean going ship construction, occupying half of the global shipbuilding industry," said an article in South Korea's Global Finance magazine. According to a recent report by Yonhap News Agency, according to preliminary statistics from Clarkson Research, a British shipbuilding and maritime industry analysis firm, the global new shipbuilding order volume in 2023 was 41.49 million corrected total tons (CGT), of which Chinese shipbuilding companies undertook 24.46 million CGTs, accounting for 59%, ranking first in the world for three consecutive years. The deepening of cooperation in related fields and the development of China's shipbuilding industry have a positive impact on the global shipbuilding market and trade shipping. Many foreign media have noticed that as more Chinese made ships sail to the world, China's trade, ports, and sea with other countries

Edit:Hou Wenzhe Responsible editor:WeiZe

Source:people.cn

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