Shipbuilding Prices Soar 6 Months Straight: China's Shipyards Are Crushing It

Very Bullish · $600150.SS · $600482.SS · $2039.HK

What Happened

Guojin Machinery reports that new shipbuilding prices have risen for six consecutive months, with China capturing 80% of global new orders in September, up 20 percentage points year-over-year. Offshore engineering is also booming, with FPSO orders up 50% year-to-date.

Bottom Line

Chinese shipbuilders are riding a wave of rising prices and surging orders, positioning them for strong profitability.

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