China has maintained its top position in the global shipbuilding market in the first 11 months of 2023, with strong growth in both output and new orders.

State media reported that the country's shipbuilding output climbed 12.3% year-on-year to 38.09 million deadweight tonnes (dwt) during the January-November period, accounting for 50.1% of the world's total, citing data from the Ministry of Industry and Information Technology.

Xinhua said new orders surged 63.8% year on year to 64.85 million dwt, taking up 65.9% of the world's total during the period.

Meanwhile, the sector's holding orders totalled 134.09 million dwt at the end of November, expanding 29.4% over the same period in 2022.

The report said this volume represented 53.4% of the global market share.