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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Austal Delivers LCS 8 to US Navy

Austal Limited (Austal) (ASX:ASB) delivered the future USS Montgomery (LCS 8) to the U.S. Navy, during a ceremony held aboard the ship at Austal USA’s shipyard in Mobile, Alabama, USA on 23 June.

Conrad Shipyard Forms LNG Business Unit

Conrad Shipyard has formed a new business unit focused on LNG projects.   Conrad, builder of North America’s first LNG bunker barge scheduled for 2017 delivery,

Prince Charles Places Final Section of UK Aircraft Carrier

The second of the largest warships ever built for the U.K. Royal Navy, the Queen Elizabeth Class carrier HMS Prince of Wales, was given the royal seal of approval when HRH The Prince of Wales,

 
 
Maritime Contracts Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Salvage Ship Electronics Shipbuilding / Vessel Construction Sonar
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: 0.0647 sec (15 req/sec)