Ship Demand to Reach 31 Million DWT between 2006-2010

Thursday, August 31, 2006
According to Research and Markets, which provides an in-depth study on supply-demand, competitive pattern and latest market changes in Chinas shipbuilding industry, as well as presents and analyzes the development and operating strategies, competitiveness and the prospect of major manufacturers in details, from 2006 to 2010, the total demand of ships will reach 31 million DWT, and the annual demand will be 6.2 million DWT on average. In 2005, the cumulative sales revenue of Chinas shipbuilding industry amounted to $13.9b, up by 42.6 percent over the year of 2004, and the profits amounted to $539.4m, far more than that of 2004, which was $206m. The export is also promising and the earnings broke through $4b in 2005. The boom of Chinas shipbuilding industry is closely linked with the development of marine industry. Although the global marine market declined in 2005, new opportunities still emerged for Chinas shipbuilding industry. As the world’s shipbuilding center shifting to China gradually and the favorable industrial policies issued by the government, China is expected to develop as the largest shipbuilding country in the next 10 years.
Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Former MSC Manager Sentenced on Bribes Charges

Former Afloat Programs Manager at the United States Navy Military Sealift Command (MSC), Kenny E. Toy, was sentenced to 96 months in prison for receiving bribes, the U.

Vale Profit Falls Amidst Record Output

Brazilian miner Vale SA posted a sharp decline in profit from the previous quarter as lower iron ore prices undermined record production of the steel-making ingredient.

Kurdish Crude Lightered, Destination Unknown

Part of a Kurdish oil cargo has been offloaded from a Greek-managed tanker into another tanker in the South China Sea, but mystery surrounds the identity of the

Shipbuilding

NSRP Risk Management Panel and SCA Joint Meeting

The National Shipbuilding Research Program (NSRP) Risk Management Panel will be meeting jointly with the Shipbuilders Council of America (SCA) November 5-6, 2014 in Virginia Beach, Va.

Scottish Sea Farms Takes New Vessel Delivery

Scottish Salmon Farms has taken delivery of its latest vessel – powered by twin Doosan V158TIH main engines supplied by WaterMota.   Designed by consultant naval

Fincantieri to Build Third New Princess Cruises Ship

Fincantieri says it has signed an agreement with Carnival Corp. to build  the new cruise ship for its Princess Cruises brand at a cost of about 600 million euros.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Offshore Oil Pipelines Port Authority Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0910 sec (11 req/sec)