China Shipbuilding Wave Continues to Rise

Friday, July 06, 2007
According to Asia Times, China's shipbuilding industry could be overextended in three years amid a booming global demand for new vessels. China's shipbuilding capacity will exceed 40 million deadweight tons (DWT) a year in 2010 if new shipyards planned by investors are completed, according to data from China Association of National Shipbuilding Industry. Ship production in China, the world's No 3 shipbuilding country after Japan and South Korea, climbed by 20% to 14.52 million.

DWT last year from 2005, grabbing 19% of the world's total. Vessels for export amounted to 11.71 million DWT and the whole sector's profits more than doubled to 9.6 billion yuan (US$1.26 billion) in 2005. The prediction of 40 million DWT is nearly twice that of a government study released last September that projected a total shipbuilding capacity of 23 million DWT at the end of the decade.

Three-fifths of the total shipbuilding capacity in China is controlled by two state-run groups - China Shipbuilding Industry Corp and China State Shipbuilding Corp. Source: Asia Times

Maritime Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Marine Electronics

The Submarine Electricity Transmission Market Is Expected to Reach $25 Billion in 2024

According to a new report from Navigant Research, the global submarine electricity transmission market is expected to grow from $16.8 billion in 2015 to $24.8 billion in 2024.

Rolls-Royce to Lead Autonomous Ship Research

Rolls-Royce announced it will take the lead on a €6.6 million project that could pave the way for autonomous ships. The Advanced Autonomous Waterborne Applications

SUNY Maritime to Host e-Navigation Conference

The e-Navigation Underway 2015 – North America conference will be hosted by The State University of New York (SUNY) Maritime College from September 28 to 30 on the college’s Throggs Neck, N.

Shipbuilding

AVEVA, DNV GL's Sesam Integration Cuts Cost

Integration of Aveva and DNV GL's Sesam Reduces Costs in Maritime and Offshore Engineering. Engineers designing ship hulls and offshore floaters can now save

FORAN for Pertamina's Future Ships

FORAN has been chosen by state-owned company PERTAMINA to review the design of their future oil product carrier ships, under construction in a shipyard with the FORAN System.

Bestobell Bags HHI's Valve Order

Bestobell Marine, a world leading supplier of cryogenic valves for ships, has won a major new order from Hyundai Heavy Industries (HHI) in South Korea to supply valves for two new vessels.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Offshore Oil Pipelines Port Authority Ship Electronics Ship Repair Ship Simulators 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: 0.1054 sec (9 req/sec)