Full Steam Ahead
The Chinese Government has carried out a plan with the purpose of accelerating the restructuring of the shipbuilding industry and promoting the upgrade and transference of related companies
Abandon Ship? Not so Fast

China grew to become the world's leading ship builder over the last decade as hundreds of private yards opened to compete with state-run companies. Now, the government is poised to regain control as the industry heads for consolidation.

Full Story
Trimming the Excess
Reducing overcapacity is a must for China to transform its economy
Slowly but Surely
Despite more slumping growth in China, economic restructuring is progressing as planned
Shape Up or Ship Out
Shipping giant COSCO prepares to restructure its assets
Advancing Economic Reforms
China's leaders set the tone for 2013
Major Tasks in the Plan

- Accelerate technology innovation and realize innovation-driven development;

- Improve production levels for key equipment and materials;

- Adjust and optimize the layout of vessel production;

- Facilitate the development of high-end products;

- Stabilize the industry's international market share;

- Urge more military-civilian cooperation in vessel design and development;

- Strengthen company management and services.

Shipbuilding H1 2013

The completed orders, new orders and total orders in Chinese shipyards accounted for 39.1 percent, 44.2 percent and 43.1 percent of the world total, respectively.

Chinese shipyards built 20.6 million deadweight tons of vessels, down 36 percent year on year. They received new orders for 22.9 deadweight tons of vessels.

Completed vessels for exports were 17.28 deadweight tons, down 34.4 percent, and new orders for vessel exports were 21.04 million deadweight tons, up 163.3 percent. At the end of June, total orders for vessel exports were 95.14 million deadweight tons, down 11.3 percent year on year. Completed orders, new orders and total orders for vessel exports accounted for 83.9 percent, 91.9 percent and 87.3 percent of the national total, respectively.

(Source: Chinese Association of the National Shipbuilding Industry)

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