Shipbuilders See More Vessel Orders, but Profits Not Trailing in Their Wake

(Beijing) – China's shipbuilders saw a surge in orders for new ships in the first half of the year, but this has not yet led to their improved profitability.

Shipbuilders received orders to build some 40.8 million deadweight tons (DWT) worth of new vessels in the first six months, up 78.2 percent compared to the same period last year, data from China Association of the National Shipbuilding Industry show.