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According to Forbes, China is planning to implement a licensing regime for the shipbuilding industry, in a bid to force outdated production facilities out of the market, the Commission of Science Technology and Industry for National Defense (COSTIND) said.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 Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Shipbuilders Vard Report Financial Fair Sailing

Designers and shipbuilders of offshore and specialised vessels, Vard Holdings, has announced its financial results for the second quarter of financial year 2014 (“2Q2014”),

Third RAmparts 2500 Tug for SMIT-Rebras

Keppel Singmarine BrasilLtda. (KSMB), of Navegantes, Brazil has recently completed the construction of the SMIT Panará, the third of a series of six Robert Allan Ltd.

Russia Doubts France Will Cancel Warships Sale

A senior Russian official said on Monday he doubted France would cancel its sale of warships to Russia, despite coming under pressure from other Western leaders

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Pipelines Pod Propulsion Ship Repair Ship Simulators Sonar Winch
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: 0.0988 sec (10 req/sec)