Shipbuilding Division of China National Electromechanical Equipment Import & Export Chamber of Commerce have announced that export volume of vessels and electromechanical equipment used in ships reached $1.69 billion during 2000, of which $1.63 billion came from the export of vessels, a slight increase over 1999.
The main export markets for Chinese shipbuilding products are Germany, Denmark, Singapore, Greece, Liberia, Holland, and Britain. According to the German Shipbuilding and Ocean Industries Association, as of 1999, 1,483 vessels were delivered worldwide. Japanese shipbuilders were able to maintain their lead, although their market share slipped from 37.4 percent in 1998 to 34.6 percent. However, the South Koreans continued to gain ground with a record production level, raising their market share from 20.3 percent to 24.9 percent. China again came third (6.1%).