China Addresses Increasing Shipbuilding Capacity

Wednesday, September 12, 2007
According to Forbes, China is planning to implement a licensing regime for the shipbuilding industry, in a bid to force outdated production facilities out of the market, the Commission of Science Technology and Industry for National Defense (COSTIND) said. Regulators recently released draft rules on the licensing system which is currently subject to public comment. Firms applying for production licenses will have to meet the requirements set in the rules. It did not say when the rules will take effect.

China's overall annual shipbuilding capacity is expected to grow to 40 mln deadweight tons by 2010, outpacing the target of 23 mln dwt set by COSTIND, state media reported earlier this year. In the first half, the country's shipbuilding output increased 43 pct year-on-year to 7.55 mln dwt, accounting for 19 pct of the global total. (Source: Forbes)

Maritime Today


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

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

Shipbuilding

New 'Mega Passenger Ship' for Star Cruises

Elomatic Ltd and Deltamarin Ltd have signed a tri-party engineering contract with shipbuilder MV Werften for the design of Star Cruises’ new Global Class “mega passenger ship,

Damen PSV for Wilson Sons Ultratug Offshore

Wilson Sons Ultratug Offshore, a joint venture between Wilson Sons and the Chilean maritime services provider Ultramar, has taken delivery of a Damen PSV 5000.

VARD Bags Three-vessel Contract

Vard Holdings Limited (“VARD”), one of the major global designers and shipbuilders of offshore and specialized vessels secured a contract for the design and construction

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Offshore Oil Salvage Ship Electronics 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: 0.0801 sec (12 req/sec)