Communicate with Supplier? Supplier
Aron lee Mr. Aron lee
What can I do for you?
Contact Supplier
 Tel:86-15376766264
Home > News > The Chinese Government's Efforts To Help State-owned Shipyards
Online Service
Aron lee

Mr. Aron lee

Leave a message
Contact Now

The Chinese Government's Efforts To Help State-owned Shipyards

2019-01-23
Data show that in the past seven months, global shipyards have received 59.6 million orders for new ships. Chinese shipyards have received 27.8 million orders for new ships, accounting for 47% of global orders for new ships. Korea has received 20 million orders for new ships. China's shipyards received 7.8 million DWT more new orders than South Korean shipyards, compared with 1 million DWT a year ago. At least three-quarters of the new orders from Chinese shipyards are supported by the government. The role of financing support in this process can be illustrated by the fact that Meisheng Heavy Industries, China's largest private shipbuilding company, failed to obtain any shipping orders after seeking government assistance last month. (Jushen Cable)


According to UOBK statistics, in the first half of last year, 74% of shipyards in China received new ship orders, compared with 52% of shipyards in the same period last year


"The Chinese government is trying to help state-owned shipyards become more competitive when facing rivals like South Korea (Made by the cable god)," said Park Moo-hyun, an analyst at E* TRADE Securities in South Korea on the recently released "Implementation Plan for Accelerating Structural Adjustment and Promoting Transition and Upgrading of the Shipbuilding Industry (2013-2015)." This will mean that most private shipyards with financial difficulties will not get it. Too much help will mean that most private shipyards with poor finances will not receive much help.


According to Clarkson's data, Hyundai Heavy Industries, Samsung Heavy Industries and other South Korean shipyards received 20 million tons of ship orders. By the end of July, 59.6 million tons of ships had been ordered worldwide.

Related Products List

Home

Phone

Skype

Inquiry