​Since the beginning of this year, the global shipping market demand has continued to be strong, and orders for shipbuilding and repair industry have rebounded

The strong demand in the global shipping market is the direct driving force behind the recovery of orders in the ship repair industry. With the gradual recovery of global trade, the flow of goods between countries has become increasingly frequent, and shipping demand has increased accordingly. Especially in the Asian market, the rapid development of e-commerce has further promoted the growth of international freight demand. According to a report by the International Air Transport Association (IATA), global air cargo volume is expected to increase by 5.8% year-on-year to 72.5 million tons by 2025. This growth is not only reflected in the field of air cargo, but also drives the prosperity of the shipping market. As an important mode of logistics, the growth in demand for shipping has directly promoted the recovery of the ship repair industry.

In the ship repair industry, the recovery of orders is not only reflected in the increase in quantity, but also in the change in order structure. In recent years, with the improvement of global environmental protection requirements, green ships have become an important development direction for the future shipbuilding industry. Orders for alternative fuels are gradually increasing, and the research and development and construction of ships fueled by ammonia, hydrogen, nuclear, etc. are accelerating. China has performed well in this field, taking over more than 70% of the world's green ship orders and achieving full coverage of mainstream ship types. This not only reflects China's leading position in shipbuilding technology, but also reflects China's positive response to environmental protection policies.

From the overall development of the shipbuilding industry, China's shipbuilding industry has continuously consolidated and improved its position in the international market. In the first three quarters of 2023, China's shipbuilding completion volume, new orders and backlog orders accounted for 48.7%, 68.5% and 54.7% of the global total, respectively. This is due to the strong support of the Chinese government for the shipbuilding industry, and a series of policies have been introduced to encourage the development of the marine engineering equipment manufacturing industry, including "Made in China 2025". These policies have provided strong guarantees for the development of the shipbuilding industry and promoted the continuous innovation and upgrading of the industry.

In addition to policy support, technological innovation is also an important factor in promoting the development of the shipbuilding industry. The application of technologies such as digitalization and intelligence is driving the industrial upgrading of the shipbuilding industry. Through technological innovation and R&D investment, shipbuilding companies continue to improve their technical strength and product competitiveness. For example, Jiangnan Shipyard's 23,000 TEU series products were successfully completed, and the first 98,000 VLEC series and other ultra-large liquefied gas carriers were delivered one after another. These achievements not only consolidated China's international leading position in the field of liquefied gas carriers, but also demonstrated the technological innovation capabilities and market competitiveness of China's shipbuilding industry.