China Seek to Become Largest Shipbuilder

Monday, March 13, 2006
The current flourishing world ship market has brought opportunities for China to strive to be the biggest shipbuilder with a sharp competitive edge in technological innovation rather than low-cost labor force, Xinhua reported. The growing orders from shipping companies worldwide will bring more business opportunities for Chinese shipbuilders. Global orders for ships have topped 100 million deadweight tons for consecutive two years, and the demand is expected to remain at 60 million deadweight tons annually up to the year 2010. Currently, the Republic of Korea (ROK) and Japan, two of the world's four shipbuilding giants, take about 70 percent of the world's shipbuilding market, with China and the European Union sharing 15 percent and 17 percent respectively. The draft outline of the country's next five-year development program, currently under deliberation at the national legislature, sets forth the goals of strengthening the shipbuilding industry by improving the capacity for the self-design of ships and marine equipment, and the infrastructure for building heavy ships. Facing more opportunities than challenges at the booming global ship market, the nation's shipbuilding industry should try to take more foreign and domestic orders and ensure enough orders for the year 2010. (Source: Xinhua)

Maritime Today


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

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

Shipbuilding

Nordana Sea Delivered to Symphony Shipping

After successful sea trials, M.V. Nordana Sea was delivered to Symphony Shipping on February 11, 2016. Constructed by builder Ferus-Smit in the Netherlands (yard number 419),

James Troop Supplies Engines for 3 Naval Vessels

Liverpool City Region (UK) based ship engine specialist James Troop & Co has won an order to supply Volvo Penta diesel engines for three European naval vessels being built on Merseyside.

OSV Delivered to MC2 in Dubai

Marine Core & Charter LLC (MC2) headquartered in Dubai has taken delivery of the new build PETRA-1, the first of two, 45-meter Fast Offshore Support Vessels in

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Port Authority Ship Repair 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: 0.0530 sec (19 req/sec)