Chinese shipbuilders are enjoying reflective profits as crude oil supply lines are diversified in th..

Chinese shipbuilders are enjoying reflective profits as crude oil supply lines are diversified in the aftermath of the war between the U.S. and Iran.

After the blockade of the Strait of Hormuz, ship owners who want to import crude oil from the Atlantic Ocean and the United States have placed orders for large oil tankers one after another.

According to data from the China Ship Industry Association (CANSI) on the 20th, new orders from Chinese shipbuilders in the first half of this year amounted to 1210.6 million tons based on the volume of goods weight tonnage (DWT). This is 2.7 times larger than the same period last year.

As a result, China's share of new orders worldwide increased by 14 percentage points to 82%.

In fact, China accounts for the majority of the global new shipbuilding volume.