All three main indicators of China's shipbuilding industry have surpassed South Korea in the past two years and pose a big threat to its shipyards, according to a report issued by Korea Institute of Industrial Technology on Wednesday.
China's new ship orders, output and ongoing orders accounted for more than 30 percent of the world's total shipbuilding business in 2013. The global share of South Korean shipbuilding sector is lower than its Chinese rival, said the Cheonan-based South Korean government research institute report.
China has taken more market share in the world's maritime engineering product market to build more offshore drilling platforms, offshore wind power devices, maritime crane ships and dredgers.
The nation's shipyards and heavy industries earned $24.5 billion from this high-end market in 2013, about 30 percent higher than Korean shipbuilding industry.
After securing the technology of building liquified natural gas carriers in 2008, China is currently building the world's first compressed natural gas carrier in Qingdao, which has been ordered this month by Pelayaran Bahtera Adhiguna, a State-owned Indonesian company.
|
 |
 |
| 2M alliance charts ships' new course | Top 10 global shipping centers |
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
