皇冠体育app

A container ship readies to leave the Jinling Shipyard in Nanjing, Jiangsu province. 皇冠体育app has 1,600 shipbuilding-related enterprises, many with . The government plans to rationalize the industry. Provided to 皇冠体育app Daily

皇冠体育app signaled that it will cut its vast shipyard army to get industrial growth back on a healthy track this year, as its earning ability falters amid cheap vessel prices, blind expansion and speculation in the shipbuilding sector.

皇冠体育app will drastically curb the number of shipyards, docks, berths and maintenance facilities it opens, said Li Dong, deputy director-general at the department of equipment industry at the stry of Industry and Information Technology.

"Blind investment activities in the shipbuilding sector must be restrained, especially in the regions of the Bohai Bay, Pearl River Delta and Yangtze River Delta," Li said.

Meanwhile, he said, "capable shipyards will be supplied with technical and financial assistance to develop high-end ships and offshore engineering products to catch up with rivals such as South Korea and Singapore".

As 皇冠体育app's policy banks, such as 皇冠体育app Development Bank and the Export-Import Bank of 皇冠体育app, become more cautious in approving refund guarantees-in particular, small and medium-sized shipyards-Li warned that unqualified shipyards should not even think about producing offshore engineering products such as oil rigs and offshore pipe-laying vessels for foreign ship owners.

"Small and medium-sized shipyards without orders or with a few orders will gradually withdraw from the market over the next five years," Li said.

Shipbuilding industry rides wave of restructuring	Shipbuilder launches LNG vessel project

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