China’s shipowners poured $123 billion into newbuilding ship orders in 2024, with containerships making around 38% of total vessel orders, according to the latest report from maritime freight management solutions provider Veson Nautical.

COSCO Panamax Red Sea China Merchants Shipping Courtesy of Veson Nautical Shipping Lines Shipping Development Shipping Bulk China Shipbuilding Trading Chengxi Shipbuilding Seacon Shipping Group South Korean Business Developments Based VesselsValue