China Grabs Top Spot In Shipbuilding

[Lankan Ranger]

China Grabs Top Spot In Shipbuilding

China recorded completed shipbuilding volume of 65.6 million deadweight tons (DWT) in 2010, accounting for a 43 percent global market share, reports ccstock.cn, 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.

CapitalVue News: China Grabs Top Spot In Shipbuilding

 

[rcrmj]

this is the essential industrial and technological ground to build a competent aircraft carrier``well done

 

[ao333]

Industries are measured in production value, not volume. Would you like to trade your ton of gold for my ton of bricks?

 

[Tigershark]

Please ao333, what's the point of gloating when our beloved Canada doesn't even have a decent ship-building industry to speak of.