Shipbuilding – China Hopeful to Double Output

Press Release
Tuesday, March 13, 2012

Shipbuilding industry in China has growth potential, may double in 4-years

China's shipbuilding industry may double its scale in the next four years on growth potential in sea transport and marine economy, and Shanghai is expected to play a big role toward meeting the goal.

By the end of 2015, the market size of shipbuilders and marine equipment makers may hit 1.2 trillion yuan (US$190 billion) with the value of exports touching US$80 billion, the Ministry of Industry and Information Technology said yesterday when it released a guideline of the 12th Five-Year Plan for the shipping industry.

Chinese shipyards may take up at least five spots among the world's top 10 shipbuilders and the country's 10 biggest domestic shipbuilders may contribute more than 70 percent of the total output.

Shanghai is expected to become the center of one of the three key shipbuilding and marine engineering manufacturing locations, further strengthening its position after the State Council announced in 2009 its aim of turning the city into an international shipping hub by 2020.

The Yangtze River Delta region where Shanghai is located, the Bohai Bay Delta and the Pearl River Delta regions will become the three key manufacturing sites for ships.

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

Shipbuilding

Ferus Smit to Launch Newbuild Bulker

Ferus Smit will launch newbuild bulk carrier Arklow Breeze on Friday, March 20 at Westerbroek.   Arklow Breeze is the sixth and last vessel of a series to be

Damen ASD 2810 Hybrid Tug Delivered to Multraship

Multraship took delivery of a Damen ASD 2810 Hybrid tug vessel, built at Damen Shipyards Galaţi, in Romania. The delivery is part of Multraship’s fleet expansion program,

HHI to Add Massive Heavy Lift Vessel

Hyundai Heavy Industries to add 10,000 ton heavy lift vessel to its offshore facility-building infrastructure legion   Shipbuilder and offshore facilities contractor Hyundai Heavy Industries Co.

News

Ferus Smit to Launch Newbuild Bulker

Ferus Smit will launch newbuild bulk carrier Arklow Breeze on Friday, March 20 at Westerbroek.   Arklow Breeze is the sixth and last vessel of a series to be

Petrobras Downgrade Shakes Market

Moody's shocked bond investors this week with a surprise two-notch downgrade that put Brazilian oil company Petrobras in junk territory. The move was seen by some investors as overly assertive,

This Week's Top Stories

The top stories this week covered everything from a DP system failure, a facelift for a WWII torpedo boat, and some mysterious tankers off the coast of Philadelphia.

 
 
Maritime Contracts Maritime Security Offshore Oil Pipelines Port Authority Salvage Ship Electronics Ship Simulators 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: 0.1277 sec (8 req/sec)