China’s Shipbuilding Industry Advancing
 
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China’s Shipbuilding Industry Advancing

      2/2/2005

China's shipbuilding industry had a very good 2004 completing shipbuilding orders representing 3.57 million tons and growing by 64.5%. The export sector achieved even higher growth of 73.8%. China State Shipbuilding Corporation (CSSC), a major local player, received orders representing 4.6 million tons in 2004 with 88.5% from foreign owners. The total orders accumulated by CSSC to date equal to 13 million tons.

It is expected that China’s shipbuilding will achieve the top status in the world by 2015. To ensure the goal will be achieved, CSSC has initiated construction of two large shipbuilding centers, one in Shanghai's Changxing Island and the other in Longxue of South China's Guangdong Province. The company has also increased investment in developing and optimizing designs for new ship types which resulted in significant progress in building high added-value vessels such as LNG, VLCC, FPSO and large container carriers.


China Daily  


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