Sri lankan media say China's shipbuilding capacity will double

According to sri lankan media, China's two largest shipbuilders will double their shipbuilding capacity by 2010. By then, China's annual shipbuilding capacity will increase to 10 million gross tonnage.
In 2006, China overtook Japan to become the world's second-largest producer of commercial ships, according to shipbroker Clarkson. China already accounts for 24 per cent of global shipping orders and South Korea 33 per cent. In 2010, China is likely to challenge South Korea as the world's largest shipbuilding nation.
China encourages the design and construction of high-tech, multi-functional ships, special-purpose ships, large ships with a capacity of more than 100,000 tonnage, and passenger and cargo ships, including liquefied natural gas ships with a capacity of more than 5,000 cubic meters and container ships capable of carrying more than 3,000 containers, the report said.
China plans to secure 30 per cent of global shipping orders in the next 10 years, the report said. But the biggest problem facing China's shipbuilding industry is the lack of skilled workers. How to speed up the construction of ships to be completed and delivered to the owners as soon as possible has become the primary problem for China's shipbuilding industry.
(source: commercial affairs section, embassy of Sri Lanka)

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