In Depth: Low-Carbon Transition Has China’s Shipbuilders Seeing Green

The global shipping industry’s shift toward decarbonization has brought enormous opportunities to Chinese shipbuilders as operators worldwide seek greener fleets.

Chinese firms reeled in nearly 73% of new shipbuilding orders globally between January and June, outperforming their main competitors from Korea and Japan by a large margin. The three nations dominate the global shipbuilding industry.