China's dwt of ships built, new construction orders and backlog orders constituted respectively 15.3 percent, 27.1 percent and 20.3 percent of world market share, according to statistics with CANSI and the British Clarkson Research Services.

In terms of backlog orders, Dalian Shipbuilding Heavy Industry Co. and Shanghai Waigaoqiao Shipbuilding Company ranked 5th and 10th in the world shipbuilding sector.

"The reason for the sharp increase in new orders is that many ship-owners rushed to place orders before common structure standards for oil tankers and bulk carriers come into effect," said Yu Shichun.

Crude oil carriers constituted 50.4 percent of the new orders, and bulk carriers 23.2 percent, CANSI statistics show.

"The second major factor for the sharp rise is the ongoing modernization in China's shipbuilding enterprises, resulting in more efficiency and more capacity," said Yu Shichun.

"The third factor was that some shipbuilding facilities under construction started to receive orders," said Yu Shichun.

New construction orders mostly involve large ships and batch-based construction.

In the first six months of the year, new orders awarded to China's shipbuilding industry involved 40 ships of 100,000 dwt and upward, and half of them were Very Large Crude Carriers (VLCC) exceeding 200,000 tons loads respectively, according to CANSI statistics.

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