Wednesday, September 15, 2010

China looks to improve technological innovation and design of ship building



China has recently passed South Korea to become the world's biggest shipbuilder. In recent figures, China has produced about 41% of the world's ships and received about 46% of orders in the ship building market.


This is a chart showing the global market share and ranking of China's shipbuilding industry. The chart shows that China's market share of shipbuilding is increasing almost every year.

China's shipyards produced 22.7 Million dead weight tons in just the first half of this year. While South Korea only delivered 18.3 dead weight tons.

While China is doing a lot of ship building, they lack in the technological innovation in which South Korea and Japan excel in. According to Zhang Shengkun, the president of Shanghai Society of Naval Architects and Marine Engineers, China needs to become more advanced in design and technological innovations and stop copying the design of others. He also says that China is behind by about 10 years in design ability and 7 years behind in manufacturing and management. They lag behind the United States, Japan and South Korea. Since the standards for shipbuilding is changing to reduce pollution, China needs to set the trend of shipbuilding instead of being a follower.



http://www.chinadaily.com.cn/business/2010-09/09/content_11281339.htm
http://www.researchinchina.com/Report/Construction/4669.html (Chart)

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