Workers brave the hot sun to build ships at Letianxi Shipbuilding Base on the Xiling Gorge of the Yangtze River in Yichang, Hubei province, China, July 17, 2024. According to the Ministry of Industry and Information Technology, from January to June 2024, China's shipbuilding completion volume was 25.02 million deadweight tons, an increase of 18.4%. New orders received amounted to 54.22 million DWT, up 43.9% year-on-year; As of the end of June, hand-held orders were 171.55 million DWT, an increase of 38.6% year-on-year. From January to June, the three major indicators of China's shipbuilding accounted for 55.0%, 74.7% and 58.9% of the global total in terms of deadweight tons, respectively.
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