(SINGAPORE) China will overtake both South Korea and Japan as the world's biggest shipbuilding nation by 2015, leveraging its labour cost advantages and productivity improvements, but must cut manpower and reduce its reliance on foreign expertise, industry experts say.

China's marine industry captured 16 per cent of the world's shipbuilding tonnage last year - up from just 0.8 per cent in 1982 - World Maritime University vice-president (academic) Professor Shuo Ma told the Asia Pacific Maritime Summit here yesterday ......
Read more on Shipping Times