China solidifies global shipbuilding lead
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Source: The Manila Times
Published: 2026-08-04 21:30 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Asia, Economy & Finance, China, Financial Markets, World News, Business & Economy, Asia Pacific
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Snippet:
CHINA reinforced its global lead in shipbuilding and offshore engineering in the first half of 2026, with new orders for oceangoing vessels surging 105.2 percent year on year, while the value of new offshore engineering equipment orders more than doubled, giving Chinese companies more than 80 percent of the global market, official data showed.
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