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China Aiming for Top Position


China is expected to become the world's largest shipbuilder by 2015 after launching shipyard projects in Shanghai and Guangzhou. "The aim is to build 15 million deadweight tons (DWT) of ships at the two shipyards,'' said Li Zhushi, vice-president of China State Shipbuilding Corporation (CSSC).

According to Zhang Guangqin, vice-minister of the Commission of Science, Technology and Industry for National Defence, China is expected to build 5 million DWT of ships this year, exceeding last year's 4.17 million DWT. It will account for a 10th of the world's total shipbuilding capacity. CSSC, which governs shipyards in China's northern cities, also plans to expand its annual capacity to build 4 million DWT of ships in 2005. That number will jump to 9 million DWT in 2015, said Dong Qiang, vice-president of the corporation. Shanghai Jiangnan Shipyard will move to Changxing Island by 2007, with Shanghai Hudong Shipyard to follow by 2010. The new island shipyard will eventually be capable of building 12 million DWT of ships annually, the source said. In another development, CSSC has also signed an agreement with the Guangzhou city government to secure 4.5 kilometres of coastline for a new 3-million-DWT shipyard.

People's Daily  

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