China’s shipbuilding dominance grows
Yingkou Huayin Shipbuilding begins construction of ten 8,700 dwt multipurpose vessels.
Yingkou Huayin Shipbuilding has officially joined China’s expanding shipbuilding industry with the launch of a new construction series at its facility in Liaoning province. The company marked the occasion with a ceremony to begin work on ten multipurpose vessels, each with a capacity of 8,700 deadweight tons (dwt). This development positions Yingkou Huayin as the latest addition to a sector experiencing rapid growth across the country.
The opening of Yingkou Huayin’s yard reflects a broader trend in China’s shipbuilding sector, which has seen unprecedented expansion in 2026. According to data from the Ministry of Industry and Information Technology, Chinese shipyards accounted for 81.8% of global newbuilding orders by deadweight in the first nine months of the year. Orders surged by 163.2% compared to the same period last year, reaching 175.29 million dwt. Meanwhile, completed tonnage rose by 50.7%, totaling 58.05 million dwt and representing 63.6% of worldwide deliveries.
China’s shipbuilding dominance reaches new heights: china shipbuilding dominance
The country’s orderbook now stands at 399.13 million dwt, equivalent to 72.4% of the global total. Chinese yards have also secured 74.1% of international orders for vessels powered by alternative fuels, further solidifying their leadership in the industry.
COSCO Shipping Holdings
The growth of Yingkou Huayin Shipbuilding is part of a wider wave of capacity increases across China. Earlier this year, Wuhu Shipyard activated its new production base in Nantong, utilizing the former Rongsheng Heavy Industries site. In August, Hantong Group launched its Hantong Changyang facility, also in Nantong, with plans to build high-value ships, including 22,000 TEU dual-fuel containerships and very large crude carriers (VLCCs).
Expansion across new and revived facilities
Another notable revival is Wuhan’s Qingshan Shipyard, which resumed operations under China Merchants after an eight-year pause. The yard delivered its first vessel in September and now holds over 30 orders, with production scheduled to continue through 2030.
Dalian has emerged as a key hub in this expansion, leading the country in completions, new orders, and orderbook size for the first nine months of 2026. The city’s growth has been driven by Hengli Heavy Industry’s rapid development, alongside established players like Dalian Shipbuilding Industry, COSCO Shipping Heavy Industry, and Dalian COSCO KHI. A major shipbuilding exhibition currently taking place in Dalian underscores the industry’s momentum.
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