In the first two months of 2020, worldwide new shipbuilding orders amounted to 1.17 million compensated gross tonnage (cgt), down from 4.89 million cgt during the same period of the previous year.
The Chinese shipbuilding industry, where order volume fell drastically over this period, was hit hard by the disruptions related to the coronavirus (COVID-19) pandemic.
Volume of shipbuilding orders placed in the first two months of 2019 and 2020
(in million compensated gross tonnage)
Compensated gross tonnage indicates the workload needed to produce a ship. It is found by multiplying the ship tonnage by a coefficient dependent on the ship size and type.
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Maeil Business Newspaper, & New Ships. (March 12, 2020). Volume of shipbuilding orders placed in the first two months of 2019 and 2020 (in million compensated gross tonnage) [Graph]. In Statista. Retrieved January 08, 2025, from https://www.statista.com/statistics/1107944/shipbuilding-new-orders-worldwide/
Maeil Business Newspaper, und New Ships. "Volume of shipbuilding orders placed in the first two months of 2019 and 2020 (in million compensated gross tonnage)." Chart. March 12, 2020. Statista. Accessed January 08, 2025. https://www.statista.com/statistics/1107944/shipbuilding-new-orders-worldwide/
Maeil Business Newspaper, New Ships. (2020). Volume of shipbuilding orders placed in the first two months of 2019 and 2020 (in million compensated gross tonnage). Statista. Statista Inc.. Accessed: January 08, 2025. https://www.statista.com/statistics/1107944/shipbuilding-new-orders-worldwide/
Maeil Business Newspaper, and New Ships. "Volume of Shipbuilding Orders Placed in The First Two Months of 2019 and 2020 (in Million Compensated Gross Tonnage)." Statista, Statista Inc., 12 Mar 2020, https://www.statista.com/statistics/1107944/shipbuilding-new-orders-worldwide/
Maeil Business Newspaper & New Ships, Volume of shipbuilding orders placed in the first two months of 2019 and 2020 (in million compensated gross tonnage) Statista, https://www.statista.com/statistics/1107944/shipbuilding-new-orders-worldwide/ (last visited January 08, 2025)
Volume of shipbuilding orders placed in the first two months of 2019 and 2020 (in million compensated gross tonnage) [Graph], Maeil Business Newspaper, & New Ships, March 12, 2020. [Online]. Available: https://www.statista.com/statistics/1107944/shipbuilding-new-orders-worldwide/
