China Recaptures World’s No.1 Shipbuilding Nation’s Title Beating South Korea
China is on top news for the outbreak of Corono virus 2020 in the world
Fortunately has positive news too. China out ranked South Korea in orders for
Worldwide shipbuilding
After 2 years duration Chain recaptured earlier tile nationwide top one shipbuilder nation.
China Progresses on All 3 measures
The Chinese Ministry of Industry and Information Technology, MIIT delivered an announcement on Friday that displayed these new statistics. As per the statement,
China’s three major measures in the shipbuilding industry –
“Completed ships”, - 43.1%,
“New orders”, -48.8%
“Orders on hand” – 44.7%
All above were on top place worldwide in 2020 of the global market stakes
South Korea is on top2 with 41.4% and japan on top 3 with 7% of global shipping orders
The global shipbuilding grades on 3 measures
“Completed ships, “new orders”, and “orders on hand” which were ruled by South Korea and japan Before The China entered in the market 2010.
China headed the successful in all 3 indicators in 2010 but later South Korea received the highest new shipbuilding in 2018 and 2019. So, year 2020 became a major year for China’s shipbuilding industry.
China stabilizes its position to be a Shipbuilding nation
The China Association of the National Shipbuilding Industry. General Secretary Li Yanqing, stated that During pandemic The Industry growth shown Flexibility and powerful base at the Chinese shipbuilding industry”,
Wu Minghua exposed that growth in Chinese shipbuilding industry expansion
In cruise and LNG vessel unit.
The peak of perfection added by china when they exhibited, is in Nov 2020 1st Domestic built Cruise ship at the 3rd China International Import Expo in Shanghai
The ship was built by the state owned subsidiary of China State Shipbuilding Corp, CSSC, Shanghai Waigaoqiao Shipbuilding Co. And shifted to the dock for its final assembly in the EXPO.
3 Major UNITs Manufactured by China
Bulk Cargo Carriers
Oil Tankers
Container vessels
also had Substantial growths in the previous 2 years
The world’s first container ship 23,000 20-foot equivalent units (TEU) built by Hudong-Zhonghua Shipbuilding Co, a subsidiary of CSSC, was fulfilled in Sept 2020.
Ambitious about Promising future
Based on Agreement between CMA CGM and CSSC.
Extra 8 23,000 TEU container ships will be joint built with another CSSC subsidiary Jiangnan Shipyard Co, according to the contract between CMA CGM and CSSC.
Mr. Wu stated that the MIIT data is correct as “China’s shipbuilding industry is Ambitious to progress efficacy and master core techniques”