The global shipbuilding industry saw a surge in new orders last year
Paris, May 19 (xinhua) (reporter lu longjun) The global shipbuilding industry received a record number of new orders last year, far more than in 2005, according to the 2006 world civil shipbuilding annual report by BSA, a leading French shipbroker.
Rapid economic growth in emerging countries such as China has led to a surge in global demand for ships that far exceeds current production capacity, the nikkei business daily reported. As a result, Japan's shipbuilding giants have expanded their production capacity after 30 years. The recovery marks a rapid return to export competitiveness of Japan's domestic manufacturing sector.