Thanks to cheap labor and technological innovation, major Chinese shipbuilders have survived the financial crisis which led to a dearth of orders in 2009.
Figures from a top shipping research company showed China has overtaken the Republic of Korea (ROK) as the world’s largest shipbuilding nation as Chinese shipbuilders outpaced ROK competitors in both new orders [...]
Hu Keyi is one of China’s shipbuilders in the eye of the storm of the economic crisis.
The 47-year-old is chief engineer at Jiangnan Shipyard, one of China’s oldest shipbuilders based in Shanghai.
Tags: industry, Shipbuilding, shipping
China’s shipbuilding enterprises realized a total output value of 300.6 billion yuan (44 billion U.S. dollars) in the first seven months of this year, Ministry of Industrial and Information Technology said on Thursday.
The figure increased by 33.7 percent over the same period last year, but the growth rate was 24.3 percentage points lower, the ministry [...]
For Chinese shipbuilders, this is probably the worst of times — and the hardest period has yet to come. Major ship owners, both domestic and foreign, are expected to go slow on new orders during the next one-and-a-half year as they wait for the global economy to recover.
Tags: industry, Shipbuilding
Alongside the plummeting orders , China’s shipbuilding industry is suffering another headache: shortage of funds.
The country’s ship builders received 1.18 million deadweight tons (DWT) of new orders in the first five months this year, a decrease of 96 percent year-on-year, according to statistics from the Ministry of Industries and Information Technology (MIIT).
Tags: China Financial, ICBC, [...]
A shipyard that has laid claim to be the largest in the world in terms of physical size began operation Wednesday at Changxing Island in Dalian, a coastal city in northeast China’s Liaoning province.
STX (Dalian) Shipbuilding Co Ltd, a subsidiary of the STX Group from the Republic of Korea (ROK) and the investor of the [...]
