Saturday, May 21, 2011

China Grabs Top Spot In Shipbuilding

While this news is not directly related to "maturing" of the PLAN, but it can serve as a back drop in analyzing China's naval building capability.

China Grabs Top Spot In Shipbuilding
Monday 2011-05-09 15:19

A ship being built at a shipyard in Yichang, Hubei province

May 9 -- China recorded completed shipbuilding volume of 65.6 million deadweight tons (DWT) in 2010, accounting for a 43 percent global market share, reports, citing Xu Zuyuan, the Deputy Transport Minister.

The volume of shipbuilding orders on hand totaled 195.9 million DWT, accounting for 41 percent of the total worldwide.

The volume of new orders received in 2010 hit 75.23 million DWT, accounting for 54 percent of the global total.

China was the top-ranked country worldwide in terms of cargo throughput and container throughput in the past seven years.

According to Li Dong, deputy director of the equipment industry department under the Ministry of Industry and Information Technology, China aims to obtain advanced shipbuilding techniques and become a builder of advanced ships by the end of the 12th Five-Year Plan period.

Shares of China CSSC Holdings (600150) rose 2.4 percent to trade at 70.08 yuan per share at 13:24 today.

Berge Everest, the largest dry-bulk vessel (388,000 DWT) launched today in China (here)

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