Firm breaks into shipbuilding Top 10

Shanghai Waigaoqiao Shipbuilding Co, the country’s top shipbuilder, churned out 3.11 million deadweight-tons (DWT) of ships last year, making it the world’s eighth-largest shipyard.

It was the first time a domestic shipbuilder had crossed the 3 million DWT output mark and edged into the world’s top 10 shipbuilding league table by output.