[Chinese Shipbuilders Secure 70% of Global Orders in April] Despite facing the threat of the US government's 301 tariff, Chinese shipbuilders continued to demonstrate strong market resilience and competitiveness. After being briefly overtaken by South Korea in March, Chinese shipbuilders swiftly counterattacked in April, securing nearly 70% of global new ship orders and reclaiming the top spot in global order-taking. According to data released by Clarkson on May 9, in April 2025, global new ship order trading volume reached 75 vessels with 3.64 million compensated gross tons (CGT), representing a 56% decline from 8.36 million CGT in the same period last year and an 82% increase MoM from 2 million CGT in March this year. Among them, Chinese shipbuilders received orders for 51 vessels with 2.51 million CGT, accounting for a 69% global market share and ranking first; South Korean shipbuilders took orders for 15 vessels with 620,000 CGT, accounting for a 17% global market share and ranking second.