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September 4, 2007
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- Domestic shipbuilding booms amid robust global demand
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- By Dai Yan (chinadaily.com.cn)
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- 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.
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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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