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China Dominates Global Shipbuilding, Market Share Declines

2/3/2026

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Summary

Story summary

In 2025, China secured the highest global volume of new shipbuilding orders, totaling 107.8 million deadweight tonnage (DWT), and maintained its lead in vessel completions, new orders, and outstanding orders for 16 years.
The China Association of the National Shipbuilding Industry reported a 4.6% decline in China’s market share to 69%.
South Korea’s share rose to 21.6% from 15.5%.
Japan’s share fell to 6.2% from 7.1%.

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Story summary

In 2025, China secured the highest global volume of new shipbuilding orders, totaling 107.8 million deadweight tonnage (DWT), and maintained its lead in vessel completions, new orders, and outstanding orders for 16 years.
The China Association of the National Shipbuilding Industry reported a 4.6% decline in China’s market share to 69%.
South Korea’s share rose to 21.6% from 15.5%.
Japan’s share fell to 6.2% from 7.1%.