The new Yingkou Huayin Shipbuilding factory in Liaoning Province, China has officially been inaugurated. This factory, as the latest entry into China's growing shipbuilding industry, has initiated a program to build 10 multi-purpose vessels with a capacity of 8,700 tons.
Growth Trend of China's Shipbuilding Industry
This development comes in the wake of a wave of new factory openings, capacity expansions, and the revival of previously inactive shipbuilding facilities in China this year. In May, the Wuhu Shipyard officially launched its new production base in Nantong, utilizing the facilities of the former Rongsheng Heavy Industries complex. In August, the Hantong Group launched the new Hantong Changyang facilities in Nantong and began constructing high-value vessels including dual-fuel container ships of 22,000 TEU and VLCCs. Additionally, China Merchants resumed shipbuilding at the Qingshan Shipyard in Wuhan after an eight-year hiatus.
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Impressive Statistics and the Future of the Shipbuilding Industry
Reports released by the Ministry of Industry and Information Technology of China indicate that Chinese shipyards secured 81.8% of global new orders for shipbuilding based on deadweight capacity in the first nine months of 2026. New orders increased by 163.2% compared to last year, reaching 175.29 million tons of deadweight capacity. Meanwhile, total ship production increased by 50.7% to 58.05 million tons of deadweight capacity, accounting for 63.6% of global deliveries. By the end of September, China's order book reached 399.13 million tons of deadweight capacity, equivalent to 72.4% of the global total. Furthermore, Chinese shipyards accounted for 74.1% of international orders for vessels using alternative fuels.
This week, a major shipbuilding exhibition is taking place in Dalian. Dalian is recognized as China's leading shipbuilding city in 2026 and has achieved first place in deliveries, new orders, and order books in the first nine months of the year. This growth is attributed to the remarkable development of Hengli Heavy Industry Group, as well as other reputable players such as Dalian Shipbuilding Industry, COSCO Shipping Heavy Industry, and Dalian COSCO KHI.
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