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 August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Steel Cut for Yamal LNG Project’s Lead Tanker

A steel-cutting ceremony was held on September 29 for the lead gas tanker ordered by SCF Group for transportation of liquefied natural gas (LNG) under the Yamal LNG project.

Aker Evaluating Future of US Shipyard, ASC

Norway's Aker ASA may decide to merge or otherwise restructure two listed units that have seen strong benefits from the U.S. shale oil energy boom, Aker's Converto

MAN Propulsion Packages for New Icelandic Trawlers

MAN Diesel and Turbo inform that Icelandic owners, HB Grandi, Vinnslustodin hf. and Hradfrystihusid Gunnvör, have ordered newbuildings based on two different ship

Navy

EDGE Facility to Develop, Deliver Security Capabilities

Center in Nova Scotia will focus on rapidly delivering new technologies and capabilities to the Royal Canadian Navy as they transition to future fleet.    General

Northrop Grumman Advances Unmanned Maritime Capabilities

Innovative unmanned systems program moves forward to Phase II.   Northrop Grumman Corporation (NYSE: NOC) is developing new, advanced unmanned systems to support

VADM Hilarides Commander, Naval Sea Systems Command

Vice Adm. William Hilarides, the commander of the Naval Sea Systems Command (NAVSEA), recently spoke to a small group of reporters about his vision for NAVSEA and

 
 
Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Shipbuilding / Vessel Construction Sonar
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: 0.1217 sec (8 req/sec)