Core Insights - The Ministry of Industry and Information Technology reported that China's shipbuilding completion volume reached 38.53 million deadweight tons from January to September 2025, representing a year-on-year increase of 6.0% [1] - New orders received amounted to 66.60 million deadweight tons, showing a year-on-year decline of 23.5% [1] - As of the end of September, the hand-held order volume stood at 242.24 million deadweight tons, reflecting a year-on-year growth of 25.3% [1] - In terms of deadweight tons, China's shipbuilding metrics accounted for 53.8%, 67.3%, and 65.2% of the global total for the three major indicators, respectively [1] - When measured by gross tonnage, these figures were 47.3%, 63.5%, and 58.6%, indicating that China continues to maintain a leading position globally [1]