Article

The Chinese shipbuilding industry has achieved strategic dominance in the global market, capturing 70% of new orders in 2024, primarily for technologically advanced and energy-efficient vessels. Recent milestones include the delivery of the LNG carrier Ocean Oasis by Hudong-Zhonghua Shipbuilding Group, which was completed ahead of schedule, and a projected 12% increase in total shipbuilding capacity by 2028. The sector's revitalization is further supported by new private ventures and the reopening of older shipyards.