China to Cap Foreign Investment in Shipbuilding

Wednesday, September 20, 2006
China plans to limit foreign investment in the country's ship makers to no more than 49 pct, the Commission of Science Technology & Industry for National Defense said. Foreign investors seeking to form shipbuilding joint ventures in China will also have to set up their own technology centers and transfer their expertise to local partners, the commission said in a website notice. Foreign investment in the country's shipbuilding sector reached 220 mln usd in 2005, up 45 pct from a year ago, state media reported previously. Meanwhile the commission noted that the government wants local shipyards to produce vessels totaling 17 mln dead-weight tons a year by 2010, up from 12.1 mln last year. The target is part of the development plan for the shipbuilding industry for 2006-2015 which was officially released yesterday. (www.forbes.com)
Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

OSV Hull Arrives at Havyard's Leirvik Yard

Havyard says that newbuild number 118 has arrived from Turkey at the yard in Leirvik, being the first of two vessels that will be outfitted to provide service and

Delivery & Naming of Atlantic Offshore´s ERRV – Ocean Marlin

On August, 13th the delivery and naming ceremony of our last construction, the ERRV C722- Ocean Marlin - for Atlantic Offshore was performed. The event was held in the Norwegian town of Stavanger,

Aircraft Carrier Hull Ready for Delivery

A large section of HMS Prince of Wales has been loaded out of its dock hall in Portsmouth ready for delivery to Rosyth for final assembly of the second Queen Elizabeth Class aircraft carrier to begin.

Navy

Aircraft Carrier Hull Ready for Delivery

A large section of HMS Prince of Wales has been loaded out of its dock hall in Portsmouth ready for delivery to Rosyth for final assembly of the second Queen Elizabeth Class aircraft carrier to begin.

Today in U.S. Naval History: August 19

Today in U.S. Naval History - August 19 1812 - USS Constitution captures HMS Guerriere. 1812- Devastating hurricane struck the Navy's New Orleans station,

Nuship Canberra Embarks on Final Sea Trials

Nuship Canberra, the first of two Landing Helicopter Dock (LHD) ships being built for the Australian Defense Force, has sailed on her final contractor sea trials

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction 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: 0.1233 sec (8 req/sec)