This aerial photo taken on June 6, 2023 shows China's first domestically-built large cruise ship "Adora Magic City" in east China's Shanghai. (PHOTO / XINHUA)

China's shipbuilding industry saw new vessel orders surge 49.5 percent year-on-year in the first five months of 2023, official data showed.

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New orders, a major indicator of the shipbuilding industry, stood at 26.45 million deadweight tons (DWT) during the five-month period, with a global market share of 67.3 percent, according to statistics released by Beijing-based China Association of the National Shipbuilding Industry.

China's first domestically built large cruise ship, Adora Magic City, build by Shanghai Waigaoqiao Shipbuilding Co, a subsidiary of China State Shipbuilding Corporation, completes its undocking process in Shanghai on June 6, 2023. (PHOTO / FOR CHINA DAILY)

The country's shipbuilding output grew by 15.4 percent on a yearly basis to 16.47 million DWT between January and May, accounting for 48.1 percent of the world's total.

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By the end of May, the sector's holding orders totaled 117.99 million DWT, up 15.5 percent year-on-year, claiming 51.6 percent of the world's market share.