Home
News
In Focus
Business
Metro
Nation
World
Sports
Feature
Opinion
View more »Opinion Columns
Wan LixinOpinion deputy editor of Shanghai Daily
Restaurants get off to a quick start thanks to game-changing policies
High service charges on event ticket refunds call for further regulation
Sunday
- Subscribe
Related News
Boost for ship-building industry
By Ding Yining |
June 5, 2009, Friday
|
Online Edition
Online Edition
CHINA will support plans to allow qualified shipbuilders to list their shares and issue bonds to boost the industry, the country's industry regulators said.
China will also expand its share in the global ship building industry to at least 35 percent in 2011 as well as taking a 10 percent share in the marine equipment market, according to a statement on the Website of the Ministry of Industry and Information Technology.
China will also encourage the establishment of several marine equipment manufacturing bases.
The State Council has issued a plan which encourages banks to set up trade finance for exporting ships earlier this year.
The central government said in a statement in February that it would ban the setting up of new shipyards for three years and it would support the purchase of domestic vessels.
New orders for Chinese shipbuilders sank 95 percent in the first four months of this year from the same period last year to 990,000 deadweight tons, according to statistics from the Ministry of Industry and Information Technology. A total of 28 vessels with 1.15 million DWT were cancelled in the first four months, compared to 12 cancellations with 250,000 DWT in the first quarter, according to the Association of National Shipbuilding Industry.
"The Ministry of Industry and Information Technology is working on specific measures concerning shipping loans with the central bank and the Export-Import Bank of China," Shanghai Securities News quoted an official close to the matter as saying.
China will also expand its share in the global ship building industry to at least 35 percent in 2011 as well as taking a 10 percent share in the marine equipment market, according to a statement on the Website of the Ministry of Industry and Information Technology.
China will also encourage the establishment of several marine equipment manufacturing bases.
The State Council has issued a plan which encourages banks to set up trade finance for exporting ships earlier this year.
The central government said in a statement in February that it would ban the setting up of new shipyards for three years and it would support the purchase of domestic vessels.
New orders for Chinese shipbuilders sank 95 percent in the first four months of this year from the same period last year to 990,000 deadweight tons, according to statistics from the Ministry of Industry and Information Technology. A total of 28 vessels with 1.15 million DWT were cancelled in the first four months, compared to 12 cancellations with 250,000 DWT in the first quarter, according to the Association of National Shipbuilding Industry.
"The Ministry of Industry and Information Technology is working on specific measures concerning shipping loans with the central bank and the Export-Import Bank of China," Shanghai Securities News quoted an official close to the matter as saying.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
