Independent journal on economy and transport policy
19:41 GMT+2
Domestic shipbuilding booms amid robust global demand
(China Daily)
September 4, 2007
By Dai Yan (chinadaily.com.cn)
China's shipbuilding industry posted a 151 percent increase in its first-half profit, and the volumes of new and existing vessel orders in the period both exceeded those of Japan and South Korea for the first time.
The domestic shipbuilding industry realized a combined profit of 6.4 billion yuan (US$848 million) in the first half of this year, a 151 percent increase year-on-year. New ship orders hit a record of more than 42 million deadweight tons (DWT) during the period, and existing orders exceeded 100 million DWT for the first time, according to Nie Lijuan, vice secretary general of the China Association of National Shipbuilding Industry ...... Read more on China Daily
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