plate 002 · Power · 2025 data

China now builds more ships than the rest of the world

Share of the world's new ship tonnage by country of building, 2010–2025.

52.6%

China built more than half of the world's new ship tonnage (gross tonnage) in 2025, up from 38% in 2010.

14%

Japan's share fell from 21% to 14%. Europe now builds under 3%.

~0.1%

In 2023 the United States built a rounding error of the world's ships (indicative).

the numbers
China now builds more ships than the rest of the world. Source: S&P Global World Shipbuilding Statistics, via Shipbuilders' Association of Japan (2026) and MLIT Japan, 2025.
YearChina (%)South Korea (%)Japan (%)Europe (%)
201038.033.021.04.0
202244.130.417.94.3
202552.627.614.02.8
source notes & method

Completions in gross tonnage. 2010 from MLIT citing IHS. US share (2023) from a single secondary chart: treat as indicative.

Published 15 Sep 2026

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