According to official announcements from New Times Shipbuilding and Jingjiang News, Jiangsu New Times Shipbuilding recently held its 2025 Annual Summary and Commendation Meeting alongside the 2026 Production and Operations Work Deployment Conference.
According to data disclosed at the meeting, in 2025, New Times Shipbuilding delivered 32 vessels throughout the year, achieving over 20% growth in both its order backlog and sales revenue for four consecutive years. The company implemented robust adjustments to its product portfolio, significantly increasing the proportion of high-value-added vessel types. Among the vessels delivered that year, container ships and oil/chemical tankers each accounted for half of the total, with the average price per vessel continuing to rise.
In 2025, the Phase I project of the “New Energy Vessel Intelligent Manufacturing Project” at New Times Shipbuilding advanced at a rapid pace, with 24 new intelligent production lines added. Integrating technological transformation with ongoing production, the project achieved the “New Times Shipbuilding Speed” of “construction and trial production within the same year”. The ship delivery capacity was further enhanced: the annual steel processing volume increased by 23%, the block output exceeded the target, and multiple vessel types set new records for the shortest dock stay and shortest quayside outfitting period.
In terms of orders, according to statistics, during the “14th Five-Year Plan” period, New Times Shipbuilding received orders for a total of 85 new container ships and 125 new dual-fuel power ships, achieving a perfect conclusion to the “14th Five-Year Plan” with a double harvest in production, operation and technological transformation.
In 2026, New Times Shipbuilding will ensure the delivery of 33 vessels; push forward the full-capacity operation of the “New Energy Vessel Intelligent Manufacturing Project”; implement the “Three Persistences” initiative—persist in innovation-driven development to strengthen management capabilities, persist in cost reduction and efficiency improvement to enhance profitability, and persist in factor guarantee to boost coordination capabilities; and strive for the “Five Breakthroughs” by focusing on business environment optimization, process refinement, lean production, digital and intelligent empowerment, and precision-controlled reform, so as to comprehensively elevate its core competitiveness.
To date, New Times Shipbuilding has an order backlog of 162 vessels, totaling 25.12 million deadweight tons, with orders extending to 2030. Green vessels account for nearly 60% of the order backlog, and the products are trending towards larger sizes, larger batches and greener designs.
According to data from shipping agency Veson Nautical, during the period from February 2025 to February 2026, New Times Shipbuilding ranked fifth among Chinese shipbuilders with 50 vessels ordered and an order value of approximately $6.015 billion.
According to its official website, New Times Shipbuilding was established in 1971 as a large private enterprise specializing in ship design and manufacturing. It holds the distinction of being China’s first local shipyard to build a 10,000-ton vessel (1996) and the nation’s first private shipyard to construct a large LNG dual-fuel powered vessel (2019).
As one of China’s leading private shipbuilders, New Times Shipbuilding operates dry docks with capacities of 500,000 tons, 300,000 tons, and 100,000 tons. Its primary products include large and medium-sized bulk carriers, tankers, container ships, and various chemical tankers. Should the “New Energy Vessel Intelligent Manufacturing Project” achieve full production capacity as scheduled by 2026, New Times Shipbuilding will then possess four dry docks.