China Shipbuilding Industry Report 2021: China s Shipbuilding Completion Volume Fell by 27.3% in Q120 Due to COVID-19
February 11, 2021 05:58 ET | Source: Research and Markets Research and Markets Dublin, IRELAND
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Shipbuilding is a modern and comprehensive industry of strategic importance that provides technical equipment to industries such as water traffic, ocean development and national defense.
China s shipbuilding industry has been developing rapidly with the government s policy support and cost advantages since the beginning of the 21st century. China-made mainstream ships including container ships, bulk carriers and oil tankers and high-end ships including liquefied gas carriers have certain competitive advantages on the international market. In the recent decade, the global shipbuilding industry presented a market structure of tripartite China-South Korea-Japan competition.