Since the beginning of this year, the Fujian shipbuilding industry has been frequently making efforts, showing a strong export trend. The latest statistics from Xiamen Customs show that from January to October this year, Fujian exported ships worth a total of 16.52 billion yuan, a year-on-year increase of 54.5%, setting a new historical high in export scale. Among them, exports in October alone reached 1.35 billion yuan, a substantial year-on-year increase of 4.3 times, marking the highest single-month growth rate this year.
According to Xiamen Customs officials, state-owned enterprises are the largest business entities for Fujian’s ship exports. Data shows that from January to October this year, Fujian’s state-owned enterprises exported ships worth 13.9 billion yuan, a year-on-year increase of 42.2%, accounting for 84.1% of the province’s total ship export value during the same period. Among them, several leading enterprises such as Fujian Shipbuilding Heavy Industry Co., Ltd. (referred to as “Fujian Shipbuilding Heavy Industry”), Xiamen Shipbuilding Heavy Industry Co., Ltd. (referred to as “Xiamen Shipbuilding Heavy Industry”), and Xiamen Xiangyu Co., Ltd. (referred to as “Xiamen Xiangyu”) performed excellently.
Reporters learned from Fujian Shipbuilding Heavy Industry that its subsidiary Fujian Mawei Shipbuilding Co., Ltd. (referred to as “Mawei Shipbuilding”) recently secured an order for two 1600TEU container ships from a Norwegian container shipping company, with a total project value equivalent to approximately 470 million yuan. In the first half of this year, Fujian Shipbuilding Heavy Industry’s cumulative total output value increased by 73.77% compared to the same period last year; the overall volume of new orders received achieved significant growth. Relevant personnel from Fujian Shipbuilding Heavy Industry introduced that the company continuously promotes green and intelligent transformation in response to changes in the international ship market; at the same time, it also applies new technologies such as energy efficiency optimization, drag reduction, and noise reduction, continuously increases investment in intelligent manufacturing, and continuously enhances the added value of its products.
In the first three quarters of this year, Mawei Shipbuilding received new shipbuilding orders for 43 ships, exported 11 ships, with a cumulative export value of 5.7 billion yuan, a year-on-year increase of 80.5%. Zheng Hao, production manager of Mawei Shipbuilding, introduced that since the beginning of this year, the company has successively exported multiple high-value-added ships, including the world’s largest 85,000-ton pulp carrier and the world’s first ultra-large offshore engineering vessel “Wind Music” with a cargo capacity exceeding 45,000 tons, continuously enhancing the product competitiveness.
Regarding listed companies, according to Xiamen Xiangyu’s 2025 interim report, Xiamen Xiangyu Haizhuang Shipbuilding Co., Ltd. (referred to as “Xiangyu Haizhuang”) signed 15 new orders in the first half of the year, with 91 orders in hand, and for the first time received an order for a 210,000-ton large bulk carrier from an internationally renowned shipowner. Xiamen Xiangyu stated in its investor relations activity record on October 30 that the manufacturing sector’s revenue in the first three quarters increased by 6% year-on-year, and the shipbuilding business orders in hand are scheduled until 2029.
Furthermore, against the backdrop of profound adjustments in global trade patterns, Fujian’s ship exports have established a diversified structure, providing solid support for performance growth. Xiamen Customs disclosed that the Asian market is the largest market for Fujian’s ship exports.
According to statistics, from January to October this year, Fujian exported ships worth 7.5 billion yuan to the Asian market, a year-on-year increase of 2.1 times, accounting for 45.4% of the province’s total ship export value during the same period. Among them, the top three markets were Singapore, Thailand, and the Hong Kong region of China, with Fujian exporting 2.04 billion yuan, 1.28 billion yuan, and 1.02 billion yuan to them respectively, collectively accounting for 26.3%.
