Marintec China 2011 Becomes Truly International Maritime Event

On the first day of Marintec China 2011, the booth of China Shipping Group (CS) and China Shipbuilding Industry Company (CSIC) has attracted lots of visitors. Catching this cherish opportunity, the top leaders of two groups had a warm & friendly talk.

Facing the global economy crisis, the above mentioned groups have planed to expand the strategic cooperation based on the mutual support.

The shipbuilding industry has been one of the most competitive export-oriented industries in China, which is a major force in the global shipbuilding industry. In 2010, according to the French ship broker, Barry Rogliano Salles, China retained its preeminent position as the world’s number one shipbuilding nation based on the number of ships it has built and the number of orders it has received. South Korea followed in second place while Japan took third place. This proves that Chinese shipbuilding has undergone a significant expansion and that the importance of Asian countries in the global shipbuilding industry is increasing.

With growth of 54.6% in national shipbuilding capacity and new ship orders increasing by 1.9 times that of 2009, Chinese shipbuilding reached its highest level in 2010. With support from the government, China has a solid foundation for remaining the world’s major shipbuilding country. This is the first year of the “12th Five-Year Plan” during which “Ocean Engineering and Equipment” will be targeted for development by the Chinese government which will undoubtedly speed up the development of related industries. With tremendous support from the appropriate ministries of the Chinese government, as well as the recognition and reputation gained all over the world, Marintec China has enhanced its uniqueness in the industry and has become a truly international maritime event.

Established in July 1999, China Shipbuilding Industry Corporation (CSIC) is a major state-owned enterprise group and one of China’s largest shipbuilding and shiprepairing groups. It has 46 industrial subsidiaries and 28 R&D institutes. CSIC is an entity directly under the state government with state authorisation for investment and capital management. The group has a total asset base of USD 27.54 billion and a workforce of 140,000.

China Shipping Group (China Shipping) was founded on July 1st, 1997, headquartered in Shanghai. It is one of the key state-owned enterprises under the direct administration of the Central Government and is a super-large shipping conglomerate that operates across different regions and countries.

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Shipbuilding Tribune Staff, November 29, 2011; Image: csgcic