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 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

Marine Electronics

Radio Holland Wins Contracts for Canadian Coast Guard Vessels

Radio Holland Canada has won two major contracts to support the Canadian Coast Guard. Public Works and Government Services Canada, which is responsible for government procurement,

Essberger Fleet Moves to Marlink’s Sealink VSAT Service

The Hamburg headquartered John T. Essberger (JTE) Group will migrate the primary communication systems of its entire fleet to Sealink, Marlink’s global maritime broadband VSAT service.

ECDIS Related Detentions on the Rise

ClassNK has been informed by Australian Maritime Safety Authority (AMSA) that during PSC inspections it has been increasingly reported that vessels have been detained

Shipbuilding

Russian Sub 'Stary Oskol' Enters Black Sea

Russia’s Stary Oskol submarine, the third boat in Project 636.3 series for the Black Sea Fleet, on a voyage to its permanent base has passed the Bosporus and Dardanelles straits,

VLCC Delivered to Gener8 Maritime

Gener8 Maritime, Inc., a U.S.-based provider of international seaborne crude oil transportation services, has taken delivery of the ECO VLCC the Gener8 Constantine on June 27,

Future LCS Charleston’s Keel Authenticated

A ceremony was hosted to celebrate the keel authentication of the U.S. Navy's future USS Charleston (LCS 18), the ninth Independence variant littoral combat ship, June 28.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Pod Propulsion Ship Electronics Ship Repair Ship Simulators 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: 0.0649 sec (15 req/sec)