Vessel-Exports Hits US$ 7 Bn During "Ninth Five-Year Plan" PeriodDuring the "Ninth Five-Year Plan" period (1996-2000), China has witnessed a robust increase in vessel exports. Statistics indicate that China's ship-exports have created an earning of US $ 1 billion this year, and the total earning from ship-exports during the "Ninth Five-Year Plan" period will breakthrough US $ 7 billion, far exceeding the US$2.4 billion in the "Eighth Five-Year Plan" period.On entering into the "Ninth Five-Year Plan" period, although China's shipping industry met with the impact of Asian financial crisis which entailed a heavy slump of 10 to 30 percent in price for various types of normal ships in the world yet China's vessel exports still achieved satisfactory results. The total number of shipbuilding has increased, technology enhanced with more contracts signed and orders upraised in batches. 1999 saw the total orders for vessel-export received exceeding six million loading tons. The shipbuilding volume during the "Ninth Five-Year Plan" period has increased one fold over that in the "Eighth Five-Year Plan" period. The increase of orders in batches is conducive to the development of China's ship-building industry. The China Shipyard has received orders for 18 ships of multiple functions with each having a displacement of 9,000 tons. Guangzhou Shipyard International taken up the order for eight vessels of 35,000 tons for refined petroleum and Dalian New Dockyard has got an order for 10 oil tankers with each having a displacement of 110,000 tons. The batch order is good for dockyards to reduce the cost and conducive to raising the economic efficiency. In addition, China has made remarkable headway in the shipbuilding technology during the "Ninth Five-Year Plan" period. By PD Online staff member Li Yan |
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