On October 13, the China Association of the National Shipbuilding Industry (CANSI) released the latest data showing that during the 14th Five-Year Plan period, China’s shipbuilding industry has achieved rapid growth in three major indicators, continuing to lead the world.
By the end of June 2025, during the 14th Five-Year Plan period (2021-2025), China’s shipbuilding industry had secured a total of 64.2% of the world’s new ship orders, representing a 15.1 percentage point increase compared to the 13th Five-Year Plan period (2016-2020). This further consolidates China’s position as a major shipbuilding nation, with its global market share ranking first for 16 consecutive years.
Specifically, China’s shipbuilding completions accounted for 51.7% of the global total. Measured by Compensated Gross Tonnage (CGT)—an indicator reflecting ship prices and output value—it represented 47.2% of the global total. These figures were 8.6 and 11 percentage points higher than those at the end of the 13th Five-Year Plan period, respectively.
During the 14th Five-Year Plan period, China’s shipbuilding industry delivered a series of high-end ships, including 300,000-ton class cultra-large crude carriers, dual-fuel powered car carriers, and the first domestically built large cruise ship, Adora Magic City. Currently, the construction progress of the second domestically built large cruise ship at Shanghai Waigaoqiao Shipbuilding has reached 85%.
As China’s shipbuilding industry achieves both quantitative and qualitative growth, the efficiency of shipbuilding enterprises has also improved significantly. By the end of June 2025, the operating income profit margin of China’s large-scale shipbuilding industry enterprises (with annual revenue exceeding the designated size) had reached 9.71%, hitting a record high in history.