• Fri
  • Apr 18, 2014
  • Updated: 7:48pm

Naval Architecture

Shipyards sail into rough seas as new orders dry up

Small and medium Chinese shipyards are starting to halt production because of shrinking order books, while many mainland shipbuilders' losses are growing, according to China's National Development Reform Commission (NDRC).

Tuesday, 1 November, 2011, 12:00am

Ship makers strong but undiversified

Chinese shipyards completed a record volume of vessels last year, delivering 65.6 million deadweight tonnes, and maintaining its place as the No 1 shipbuilding nation in the world, according to the China Association of the National Shipbuilding Industry.

However, mainland shipyards remain heavily reliant on the bulk sector, which could face a glut in the next two years.

28 Jan 2011 - 12:00am

Shipbuilding industry may see pick-up in orders

The mainland shipbuilding industry, hit by the global financial downturn, may be about to show some tentative signs of recovery.

Some analysts are guardedly optimistic there will be a rebound at shipyards before the end of the year, despite an order book that has remained skimpy over the past five months.

23 Jun 2009 - 12:00am

Mainland shipyard orders sink 91pc

New orders at mainland shipyards plunged 91 per cent in the first two months of the year, with growing cancellations from shipping lines adding to the gloomy prospects for the battered industry.

11 Apr 2009 - 12:00am

Mainland shipyard orders drop 11pc on credit squeeze

Decline likely to continue as US, European demand shrinks

Mainland shipyard orders dropped 11 per cent in the first nine months, dragged down by deteriorating credit markets and shrinking demand from shipowners in Europe and the United States.

8 Nov 2008 - 12:00am

Booming industry 'threatens safety'

A boom in shipbuilding across East Asia is fuelling an acute shortage of experienced mariners, which poses a serious risk to safety standards, industry experts warn.

New shipyards are coming on stream across China following industry expansion in the Pearl River Delta, Shanghai, Ningbo, Dalian and Tsingtao, with Vietnam and South Korea also seeing rapid growth.

30 Mar 2008 - 12:00am

Shipyards reel as steel prices and yuan soar

Mainland shipyards will have to brave rough seas to maintain profitability in light of rising steel prices and a stronger yuan. And that is despite having turned shipbuilding into the country's 12th-largest industry in value by exporting US$11.94 billion worth of vessels last year, up 49 per cent from the year before.

11 Feb 2008 - 12:00am

Mainland wins major share of ship orders

China has overtaken South Korea as the world's largest shipbuilder - at least in terms of new orders, with a 165 per cent increase in the first half - according to the State Oceanic Administration.

11 Sep 2007 - 12:00am

Blasting of temporary dam all set

192 tonnes of dynamite will destroy the top 30 metres today

The top of the temporary 140-metre-high cofferdam built to hold water and generate power for the construction of the Three Gorges Dam will be demolished today.

6 Jun 2006 - 12:00am

Mainland shipbuilders reel as steel prices soar

Rising steel prices are putting the squeeze on Chinese shipbuilders, prompting several small companies to delay or scrap contracts that were signed a year ago.

The delays, however, risk jeopardising the reputation of the mainland shipbuilding industry.

31 May 2004 - 12:00am