03 December 2008	The on-line newspaper devoted to the world of transports	03:38 GMT+1

June 16, 2004 Yacht builders take northern passage Graham Lees Building pleasure yachts for the world's wealthy is a multimillion-dollar industry in Southeast Asia that is quietly slipping its old moorings and heading north. The lure of cheap labour in China is proving irresistible as boatyards from Taiwan to Singapore take up new berths from the Pearl River Delta to Shandong in order to cut costs and gain a competitive edge in the world market. The result is that China is adding another notch to its industrial belt - as a centre for luxury pleasure boat building. While elite European shipyards dominate the market for top-of-the-line, so-called mega yachts, China is inching into that niche also ...... Read more on The Standard Search for hotel Destination O Other destinations Check-in date 12345678910111213141516171819202122232425262728293031 JanFebMarAprMayJunJulAugSepOctNovDec Check-out date 12345678910111213141516171819202122232425262728293031 JanFebMarAprMayJunJulAugSepOctNovDec Search on Select the subject:  All News Ports Tourism Database Aviation Trucking Index Home Page Press Review - Piazza Matteotti 1/3 - 16123 Genoa - ITALY phone: +39.010.2462122, fax: +39.010.2516768, e-mail