News Center Market Analysis
Hot Keywords
China: Shipbuilders Struggling to Stay Afloat
Views(182)
Source:Global Times

The State Council recently issued a plan to accelerate restructuring and technological upgrading within China's shipbuilding industry. In 2010, China led the world in terms of shipbuilding volume. But the same cannot be said about the country's ship construction technology or the competitive strengths of its shipyards. Over the years, Chinese shipbuilding has expanded too quickly through repeated investment and the industry is now waterlogged with excessive capacity. This is true across the nautical construction sector - makers of low-end bulk carriers and high-end tankers all face similar predicaments.
A persistent downturn in the global shipping market hasn't helped matters either. With few signs of relief on the horizon, it is critical to establish a stable, sustainable and orderly ship making environment. After all, Chinese shipyards are major buyers of industrial products such as steel, iron and heavy machinery. They also supply vital assets to several of the country's largest industries, including offshore oil and gas producers.

< Back to News Center< Market Analysis
Latest Ship News
Hottest Ships
No.
Class
Built Year
Built Place
MPP
CCS
2006 Built
China
Harbor Tug
ABS
2010 Built
China
High Speed Passenger Ship
KST
1996 Built
Italy
Bulk Carrier
IACS
2001 Built
Japan
Crane Barge
KST
1986 Built
Japan
Home About Us Contact Us Help Center Advertising

Copyright © 2006-2017 沪公网安备 31011502004435号  Eshiptrading.com All Rights Reserved