Jiangsu stands as the largest province in China's vibrant shipbuilding and marine engineering industry. In 2024, the province exported a diverse array of ships valued at an impressive 104.22 billion yuan, marking a year-on-year increase of 59% and securing the top spot nationally. Recent news from various shipyards indicates that some Jiangsu-based shipbuilding enterprises have delivery schedules extending as far as 2030. During the same year, New Times Shipbuilding reported sales revenue of 16.068 billion yuan, representing a 28% year-on-year growth. According to data from Clarkson, a prestigious global shipping consulting agency, New Times Shipbuilding's new order volume ranked first globally, underscoring its dominance in the industry.