China secures over 90% of global new VLCC orders: report

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China's shipbuilding industry has dominated global orders in 2025 by securing over 90% of new orders for very large crude carriers (VLCC). The report highlights China’s strong position and growth in this segment, particularly in the port city of Dalian.

Since the beginning of this year, China’s shipbuilding industry has been continuously landing new orders, securing more than 90 percent of global new orders for very large crude carrier (VLCC) and establishing a dominant position in the global market, according to a CCTV News report on Wednesday. In Dalian, a port city in Northeast China’s ...