China – A Leading Shipbuilding Destination

With strong government support and surging foreign trade, the shipbuilding industry in China will remain robust in coming years.

Noida, India, October 22, 2009 --( Despite slowdown in shipbuilding industry globally, the Chinese shipbuilding industry has been continuously growing at a descent pace in the backdrop of continuously increasing foreign trade, low labor cost and strong government support. It is expected that China will account for more than 50% of the global order book by 2012, says a new research report “China Shipbuilding Industry Forecast” released by RNCOS.

The market has responded very positively in recent time when other major industries feeling the heat of economic slowdown. For example – the county built 12.33 Million DWT (Dead Weight Tons) of new ships in July 2009, growth of more than 60% over the same month last year.

Their findings show that China’s government has played an active role in boosting the shipbuilding industry during the odd times of global financial crisis. The government has announced a series of new measures to boost the industry, which showed signs of deceleration on account of challenges emanated from the global financial turmoil. The government has approved a stimulus package for the industry in a bid to help the emerging sector better weather this challenge and return to its normal growth rate. Besides, the government is encouraging financial institutions to lend more to ship buyers and offer incentives for purchasers of ocean-going ships.

As per their research, around 90% of international trade moves by sea and recently China has become the world's largest exporter after surpassing Germany by exporting goods worth US$ 521.7 Billion in the first half of 2009. Hence, this growing import and export activities will create huge potential for the shipbuilding industry in China and its share in the global vessels production is expected to reach around 40% by 2012 from 29.5% in 2008.

“China Shipbuilding Industry Forecast” is a comprehensive research report that comprises quality research and in-depth analysis of the shipbuilding industry in China. It studies the emerging market trends, recent developments and their impact on the market. The report will help clients to analyze the leading-edge opportunities, prospective customer base, key players, future outlook and all the other factors which are critical for the success of a new entrant in the shipbuilding industry of China.

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About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.

Shushmul Maheshwari
Chief Executive
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