CANSI: China's Q1 new vessel orders rocket 195% YoY

Chinese shipbuilders concluded new vessel orders totaling 59.53 million deadweight tons (DWT) in the first quarter of 2026, soaring by 195.2% on year, according to the latest release from the China Association of the National Shipbuilding Industry (CANSI) on May 9.

The robust orders secured by Chinese shipyards during this year's first quarter led their backlog to swell by 43.6% on year to 322.3 million DWT by the end of March, the association's data showed. Meanwhile, Chinese shipbuilders completed vessels amounting to 15.68 million DWT over January-March, also jumping by 46%