Korea Shipbuilders Lose Orders to China in September Following August, China captures 82% of global orders while Korea bags 6%

[StraightEdge]

I recall this video from few years back.

 

[beijingwalker]

“Shipyards in Taiwan and Mainland China have been exporting yachts around the world for many years and there is now a growing market in mainland China for locally built yachts,” Mike Simpson, Founder & CEO of Simpson Marine, commented. “Local builders are learning fast from their more established western counterparts and the quality is improving, but Asian buyers have come to expect cutting edge design, innovation and build quality – and throughout Asia they generally prefer to buy yachts from more established western shipyards. The ‘Designer Label’ is as important for yacht buyers as it is for buyers of cars, watches or handbags.”

Photo: Jinlong Mega YachtJinlong Mega Yacht is one such shipyard that is developing quickly. The yacht builder is owned by the conglomerate that recently acquired Balk Shipyard, Zhongying Int’l Holding Group Ltd. The Dutch shipyard will soon be working closely with Jinlong Mega Yachts, as the Chinese shipyard rolls out its expansion plans. Daan Balk confirmed this when the initial announcement was made, stating that his team will support the training activities at Jinlong Mega Yacht.

Will there be an upsurge of yacht building in China?

With a growing appetite for superyachts in China and Hong Kong, can we expect to see an increased activity in shipbuilding?

www.superyachttimes.com

 

[tower9]

“Shipyards in Taiwan and Mainland China have been exporting yachts around the world for many years and there is now a growing market in mainland China for locally built yachts,” Mike Simpson, Founder & CEO of Simpson Marine, commented. “Local builders are learning fast from their more established western counterparts and the quality is improving, but Asian buyers have come to expect cutting edge design, innovation and build quality – and throughout Asia they generally prefer to buy yachts from more established western shipyards. The ‘Designer Label’ is as important for yacht buyers as it is for buyers of cars, watches or handbags.”

Photo: Jinlong Mega YachtJinlong Mega Yacht is one such shipyard that is developing quickly. The yacht builder is owned by the conglomerate that recently acquired Balk Shipyard, Zhongying Int’l Holding Group Ltd. The Dutch shipyard will soon be working closely with Jinlong Mega Yachts, as the Chinese shipyard rolls out its expansion plans. Daan Balk confirmed this when the initial announcement was made, stating that his team will support the training activities at Jinlong Mega Yacht.

Will there be an upsurge of yacht building in China?

With a growing appetite for superyachts in China and Hong Kong, can we expect to see an increased activity in shipbuilding?

www.superyachttimes.com

Nowhere near the design capabilities of the Italian/ euros though. Maybe in ten years

 

[beijingwalker]

Nowhere near the design capabilities of the Italian/ euros though. Maybe in ten years

Mabye , but yachts are not rocket science comparing to big, specailised purpose ships.

 

[ChineseTiger1986]

Nowhere near the design capabilities of the Italian/ euros though. Maybe in ten years

Europeans are only known for fancy designing style.

But in term of the real industrial capability, no one can match us in this planet.

 

[Han Patriot]

Nowhere near the design capabilities of the Italian/ euros though. Maybe in ten years

It's the luxury factor. Nobody is gonna buy a lingling yacht even if it is made of silver.

 

[beijingwalker]

Spectacular Yacht traffic jam in Sanya bay , China's tropical Hainan province​

 

[tower9]

It's the luxury factor. Nobody is gonna buy a lingling yacht even if it is made of silver.

They would if the Chinese company invested in the brand building. There are a few who get it, like Huawei and Nio for example.