China releases shipbuilding reform blueprint

China releases shipbuilding reform blueprint

China’s Ministry of Industry and Information Technology (MIIT) has released a reform and transformation guide to the shipbuilding industry under the government’s 13th five-year plan from 2016 to 2020.

The release highlighted a few major areas for the domestic yards to improve including enhancing their technological level and innovation, further reducing capacity, promoting intelligent manufacturing, information technology and military-commercial shipbuilding collaboration, and expanding global partnerships.

The government also released a goal for China’s top ten shipyards to account for more than 70% of the domestic shipbuilding market share, and for the entire offshore equipment industry to secure 35-40% of global market share.

For the first eleven months of 2016, China has completed a shipbuilding volume of 31.83m dwt, and received new order volumes of 19.94m dwt, down 12.1% and 14% year-on-year respectively. Total onhand export order volumes also sharply reduced by 22.6% to 95.59m dwt by the end of November.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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