China Shipbuilding Industry Association announced on January 16, 2022: In 2021, China will continue to remain the world's first in the three major indicators of the shipbuilding industry, achieving a good start in the "14th Five-Year Plan". In addition, according to the forecast of the China Shipbuilding Industry Association, the completion of shipbuilding in China will exceed 40 million deadweight tons in 2022.

In this newly released transcript, Chinese shipbuilding companies account for about 50% of the world's total in terms of shipbuilding completions, new orders received, and orders in hand, continuing to remain the world's largest. Among them, China State Shipbuilding Corporation, China's largest shipbuilding company, will surpass South Korea's Hyundai Heavy Industries for the first time in its three major shipbuilding indicators in 2021 and become the world's largest shipbuilding group. It has completed and delivered 206 ships, accounting for 20.2% of the global market share. The contract value of orders was 130.15 billion yuan, setting a new record since 2008.

Li Yanqing, Secretary General of China Shipbuilding Industry Association: This first is hard-won, and the gold content is very high. Because our new orders this time have accounted for nearly 50% of the revised gross tonnage, and achieved a good start in the "14th Five-Year Plan".

In 2021, Chinese shipbuilding companies will undertake 72.7% of the world's chemical tanker orders, and the substantial increase in this order will directly drive the demand for duplex stainless steel.

Li Guoping, chief researcher of stainless steel at China Baowu Taigang Group Technology Center: Taigang Duplex Stainless Steel has built nearly 100 chemical tankers, with a domestic market share of 85%, especially entering the international high-end chemical tanker marked by the world's largest tonnage stainless steel chemical tanker shipping market.Editor/Ma Xue