Between January and September, Chinese shipyards secured new shipbuilding orders totaling 175.29 million deadweight tons, according to official data published in Beijing on October 23. This volume represents a 163.2% increase compared to the same period in the previous year.
With this surge in new contracts, China captured 81.8% of all new global shipping orders during the first nine months of the year, underscoring the dominant market share held by the nation's shipbuilding industry.
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