China building 62% of new ships ordered globally in spite of looming US tariffs

China has cemented its position as the world’s top shipbuilding nation as it secured orders for 3,454 out of a total of 5,735 vessels in the current global orderbook.

This represents an orderbook share of 62.42% or a total of 175.4 million gross tons, according to information provided by Greek shipbroking services provider Intermodal.

As disclosed, China, Japan and South Korea dominate with combined orders of over 90% of the world’s orderbook. South Korea ranks second with an orderbook share of 21.39% or 687 ships,