Nantong is a large shipbuilding base in Jiangsu Province. According to official statistics, from January to August Nantong launched 91 ships of 4.84m dwt. In 2009, the annual amount of newly-built ships was just 123 ships totally.

Currently the situation of Nantong shipbuilding market is not so bad as it was expected. The output and new orders of large shipbuilders such as NACKS and Rongsheng are to hit new high and keep uptrend. On the other hand, the small medium shipyards like Tongbao and Tongcheng Shipyard just has one or two ships under construction. Some of them even have nothing at all and face bankruptcy.

On the other hand, most ships commonly came across delivery delays. As a result, the shipbuilders mired inflow cash drought.

In recent years, the shipbuilding industry in Nantong kept high speed growth. The record of newbuilding output amount was always refreshed, including the world’s first self-propelled jack up platform.