Marine Market in China - Overview
Marine Market in China - Overview
Over 1000 Shipyards in China
In 2011, total production volume was increased by 16.9% to 76.65 million
DWT(comparing to 52.91million DWT from Korea). However, new order
intake decreased by 51.9% to 36.22 million DWT.
■ In 2011, major state owned companies, such as CSSC and CSIC had
about 37% (44% in 2010) market share (based on production volume)
while Jiangsu province alone contributed around 35.4% of private S/Ys.
Comparing with Korea and Japan, China's local marine equipment content
is only about 50% while the rest will be relaying on either foreign
technology and/or importation
Aggressive expansion and upgrade in large containerships, special and
offshore by some leading Chinese S/Ys will close the gap in 5-10 years
■ The consolidation of shipbuilding industry will continue.
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