China's Shipbuilding Picks up Speed

Tuesday, August 02, 2005
China's shipbuilding sector has picked up speed, with economic performance, product quality and manufacturing capability improving rapidly. According to Asia Pulse via Yahoo!, the output value of the industry has been growing at an average annual rate of 26 percent in the 2000-2004 period. Since the 10th five-year plan period, the industry has realized 31 per cent growth in total output value and 35 per cent growth in sales revenue. At present 70 per cent of the vessels built will be exported. The industry has exported vessels to more than 110 countries, including the United states, Japan, Germany, France and Canada, with 2004 exports hitting 5.6 million deadweight tons, valued at US$3.16 billion. Of the orders in hand, 85 per cent are placed by foreign ship owners.
Maritime Reporter September 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


Towering Damen Marine Components Hits 150‏

Damen Marine Components (DMC), the oldest company in Damen Shipyards Group, celebrates its 150th anniversary today. DMC has grown from a very small shipyard established in Gorinchem in 1865,

Azerbaijan to Get New Passenger Vessel This Year-end

Azerbaijan Caspian Shipping Company  expects to get the first of the three passenger vessels being built currently at the Baku Shipbuilding & Repair Plant (Baku Shipyard LLC) until the end of 2015,

Michelle Obama to Christen Navy's Newest Submarine

U.S. First Lady Michelle Obama will join builder General Dynamics Electric Boat, a wholly owned subsidiary of General Dynamics, in christening Illinois (SSN-786), the U.

Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | 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: 0.2242 sec (4 req/sec)