China Regains Title Of World’s No.1 Shipbuilding Nation, As It Surpasses South Korea

View of ships under construction at a shipyard of Jiangnan Shipyard (Group) Co., Ltd., a subsidiary of China State Shipbuilding Corporation (CSSC), on Changxing Island in Shanghai, 3 June 2008. Chinas oldest shipbuilder, tJiangnan Shipyard (Group) Co., Ltd., completed the move to a new home on Tuesday (June 3) to make room for World Expo 2010. The shipbuilder moved from its Huangpu River site in Shanghai to Changxing Island on the mouth of the Yangtze River, which is set to become the worlds largest shipyard. Work on the 16-billion-yuan (2.3 billion US dollars) new shipyard started in 2005. It is the first phase of the Changxing shipbuilding base and has a production capacity of 4.5 million deadweight tons (DWT), with a 3.8-km coastline, four docks and three production lines.

China has made headlines all over the world last year because of the coronavirus outbreak but there is good news emanating from the country as well. The maritime industry witnessed one such good news today as China took over South Korea in terms of global shipbuilding orders.

China regained its previous title as the No.1 shipbuilder country in the world after a span of 2 years.

China Improves on All 3 Indicators

The Chinese Ministry of Industry and Information Technology, MIIT issued a statement...

https://www.marineinsight.com/shipping-news/china-regains-title-of-worlds-no-1-shipbuilding-nation-as-it-surpasses-south-korea/

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