Global new ship orders fell by more than 40% year-on-year.

"In recent years, the global shipbuilding market has declined significantly due to factors such as the slowdown in economic growth, overcapacity in shipping, and external international game playing. During the 2025 China International Maritime Exhibition held from December 2nd to 5th, Zhao Tongbin, deputy general manager of China Shipbuilding Group Co., Ltd., made the above statement. According to data from the China Shipbuilding Group Economic Research Center, from January to October this year, a total of 1632 new ship orders were completed globally, with a total of 94.87 million deadweight tons, a decrease of 44.5% compared to the same period last year."