Shanghai’s 2005 shipbuilding capacities surpass 4.3M DWT

The four major shipbuilding bases in Shanghai manufactured 71 ships in 2005 with a total value of about $2.1 billion, up 15.4% year-on-year, China Knowledge reported. The shipbuilding capacities of the four major bases exceeded 4.3 million dead weight tonnages (DWT) in 2005, an increase of more than 1.2 million DWT over 2004. The four bases are Hudong-Zhonghua Shipbuilding (Group) Co. Ltd, Jiangnan Shipyard (Group) Co. Ltd., Shanghai Waigaoqiao Shipbuilding Co. Ltd, and Shanghai Shipyard & Chenxi Shipyard Co. Ltd. In 2005, the four bases obtained RMB $4.6 billion worth of contracts and received new orders of 68 ships, or 6.9 million DWT. The four bases are under the China State Shipbuilding Corporation, whose shipbuilding capacity in 2005 surpassed 5 million DWT to be ranked among the top five shipbuilding companies in the world. (Source: China Knowledge)