Space Industry and Business News  
China fast becoming the world's shipyard

by Staff Writers
Dalian, China (AFP) March 2, 2008
In a drydock at a shipyard in northeast China's Dalian city, a 300,000-tonne oil tanker is ready for delivery to Maersk, its hull painted in the Danish shipping company's trademark blue.

Nearby, an offshore drilling platform has been constructed according to precise specifications from US company Noble.

Both are examples of China's growing success as a shipbuilding nation and its progress towards the goal of becoming number one in the industry by 2015.

"Last year, the order books at Chinese shipyards surpassed those of Japan, to be second only to South Korea," said Li Cheng, assistant general manager of Dalian Shipbuilding Industry Co.

The company runs the eighth largest shipyard in the world, and last year delivered 32 vessels totalling three million deadweight tonnes.

In terms of new orders, China was actually number one last year, totalling 98.5 million deadweight tonnes, or 42 percent of the global total, according to the Beijing government.

"Chinese shipyards have had their business boosted by the very fast growth of the local economy, which has fuelled demand for container ships and other vessels," said Li. "If it continues like this, we'll overtake South Korea."

Chances are it will indeed continue like this. Dalian shipyard, located in the Gulf of Bohai, has its order books filled right until 2011.

The expansion of the Chinese economy -- leading to strong growth in both exports and imports -- is not the only factor behind this success.

Equally important is the global boom in shipping. Eighty percent of the output of China's shipyards is exported.

The result is that China's share of the global market has expanded from 18 percent in 2006 to 23 percent last year, while South Korea and Japan account for roughly 35 percent each, according to research institute Clarkson.

"It's not impossible that it will eventually take up the leadership position (ahead of South Korea)," said Caroline Huot, general manager of Total Lubmarine for the Asia Pacific.

"It's got the will, no doubt. There's a real can-do attitude in China."

She added the government offers strong support for the shipbuilding industry, investing large amounts of money in new shipyards.

The industry is dominated by two huge state-owned enterprises: China State Shipbuilding Corporation and China Shipbuilding Industry Corporation, the parent of the Dalian company.

But in recent years, it has also seen a large number of new entrants, in the form of smaller shipyards run by local governments or private groups, or set up as joint ventures.

There are now 3,000 of these smaller shipyards, up from just 350 a decade ago.

At the same time, Chinese shipyards have succeeded in building up a good reputation.

"The Chinese companies are very concerned about safety and the environment. They are large and extremely professional enterprises, and they're just as good as their counterparts in the United States or Norway," said Huot.

The Dalian shipyard has clients across the globe, from Gear Bulk, 60 percent Norwegian-owned, to Sweden's Stena AB and customers in Greece and Iran.

To keep up its competitive advantage, the Dalian shipyard now spends heavily on research and development and the continued improvement of the infrastructure.

"We're still cheap compared with South Korea and Japan, but we have to think about the future and take steps to improve our competitiveness," said Li.

Related Links
Global Trade News



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


China, New Zealand to sign free trade package in April: govt
Beijing (AFP) Feb 26, 2008
The Chinese government said Tuesday that it would sign a free trade agreement with New Zealand in early April, marking the Asian giant's first free trade package to be reached with a developed country.







  • Google stock price sinks on Internet ad-slump fears
  • HP And Qualcomm To Deliver Options For Worldwide Internet Access
  • Google's Android debuts in Barcelona
  • Nokia says to launch touch-screen phone in late '08

  • ILS Announces Contract To Launch Two Sirius Satellite Radio Spacecraft On Proton Breeze M
  • Arianespace Prepares For Its First Two Ariane 5 Missions Of 2008
  • Russia's Proton-M To Orbit Another UAE Telecoms Satellite
  • ILS Proton To Launch S2M Satellite For Mobile TV Service In Middle East And North Africa

  • Environmentalists climb on Heathrow jet in airport protest: officials
  • NASA opens a rotary wing research project
  • All-star line-up at first Singapore Airshow
  • Military Aircraft To Perform Aviation Safety Research

  • Orbital Awarded Contract For System F6 Satellite Program By DARPA
  • Lockheed Martin Completes Rigorous Test Of First Advanced Military Communications Satellite
  • Northrop Grumman And Harris Demonstrate Airborne Networking
  • EADS DS Delivers Army Command And Control Information System To Franco-German Brigade

  • Boeing Satellites Reach 2500 Years Of Accumulated On Orbit Services
  • Satellite Debris Analysis Indicates Hydrazine Tank Hit
  • Darkest material developed in lab
  • NASA And Northrop Grumman Partner To Measure The Immeasurable

  • NASA Names John Shannon New Space Shuttle Manager
  • Michael Larkin Appointed Executive Vice President Of Orbital's Satellite Business Unit
  • Boeing Integrated Defense Systems Looks To Future With Leadership Changes
  • Raytheon Space and Airborne Systems Names Carey VP For ISR Systems

  • Falcon Investigates Pollution From The Dakar Metropolis Into Desert Dust Layers
  • NASA Extends Mission For Ball Aerospace-Built ICESat
  • CIRA Scientist Among Authors Of Book Celebrating 50 Years Of Earth Observations From Space
  • Indonesia To Develop New EO Satellite

  • ATK Conducts Advanced Anti-Radiation Guided Missile Flight Test
  • Watsontown Trucking Deploys DriverTech Fleet-Wide
  • Its 10 In The Morning, Do You Know Where Your Employees And Equipment Are
  • Exaktime Brings Next Gen Time And Attendance Tracking To Mobile Work Crews With PocketClock/GPS

  • The content herein, unless otherwise known to be public domain, are Copyright Space.TV Corporation. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space.TV Corp on any Web page published or hosted by Space.TV Corp. Privacy Statement