Repair figures shoot ahead
China's shipbuilding industry saw steady growth in the first half of the year, with ship repairs showing the best performance, up about 30 per cent over the same period last year.
The China State Shipbuilding Corp (CSSC) repaired a total of 540 ships during the period, doing more than 900 million yuan (about HK$837 million) in business, up 31.5 per cent, company figures show. Foreign vessels accounted for 70 per cent of the ships repaired and 80 per cent of output value, and represented a 66.7 per cent increase over the same 1995 period.
From January to July this year, CSSC built ships of 784,000 deadweight tonnes with output value going up by 20.5 per cent to 6.32 billion yuan.