Core Insights - The Chinese shipbuilding industry is experiencing significant growth, with full order books extending to the end of 2028 and some orders reaching into 2029 [1][3]. Industry Overview - As of June 2025, Chinese shipbuilders have secured 64.2% of global new ship orders during the "14th Five-Year Plan" period, an increase of 15.1 percentage points compared to the "13th Five-Year Plan" [2]. - China has maintained its position as the world's leading shipbuilding nation for 16 consecutive years, with a market share that continues to grow despite external pressures, such as the U.S. imposing so-called "service fees" on Chinese vessels [2]. - Recent developments include the New Zealand government transferring two large ferry orders from a South Korean company to Chinese shipbuilders, highlighting international recognition of China's shipbuilding capabilities [2]. Key Performance Indicators - As of the first three quarters of 2025, China leads the global market in three critical shipbuilding metrics: - Completed ship volume: 53.8% of the world total by deadweight tonnage [2]. - New orders received: 67.3% of the global market share [2]. - Backlog of orders: 65.2% of the total worldwide [2].