Related News
Shipyards warned of overcapacity
By Ding Yining |
September 22, 2010, Wednesday
|
Print Edition
Print Edition
CHINA'S marine equipment sector may see overcapacity and shipyards hoping to enter the market should be cautious, industry insiders warned.
More than 30 domestic shipyards have unveiled or are making preparations to launch marine engineering projects, which may cause overcapacity in the sector, Zhang Guangqin, chairman of China National Association of Shipbuilding Industry, said at the International Forum on Development of Ocean Engineering in Shanghai yesterday.
"Many of the current shipyards can be transformed into marine engineering manufacturing bases but massive investment is not proper under such circumstances," he said. "Radical investment and government encouragement is not appropriate."
The hunt for offshore energy will spur investment in the detection and exploitation of gas and oil globally to US$50 billion in the next five to 10 years, according to the insiders. But they also warned that only 75 percent of all the offshore platforms around the globe are still operational.
More than 30 domestic shipyards have unveiled or are making preparations to launch marine engineering projects, which may cause overcapacity in the sector, Zhang Guangqin, chairman of China National Association of Shipbuilding Industry, said at the International Forum on Development of Ocean Engineering in Shanghai yesterday.
"Many of the current shipyards can be transformed into marine engineering manufacturing bases but massive investment is not proper under such circumstances," he said. "Radical investment and government encouragement is not appropriate."
The hunt for offshore energy will spur investment in the detection and exploitation of gas and oil globally to US$50 billion in the next five to 10 years, according to the insiders. But they also warned that only 75 percent of all the offshore platforms around the globe are still operational.
- 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.
