China’s Ministry of Industries and Information Technology said that Beijing has returned to the lead in terms of having the world’s largest demand for shipbuilding, after a two-year delay to its rival, South Korea.
China achieves this rank despite “the decline in demand for ships in various countries sharply” for decades and in light of “the double impact of the Covid-19 epidemic and economic recession during the year 2020,” according to the Chinese government newspaper, “People”.
According to figures released by the Ministry of Industries and Information Technology, China’s share of global demand for ships during the year 2020 is estimated at 48.8 percent, compared to 41.4 percent for South Korea, while Japan ranks third in the world with 7 percent.
Al-Shaab affirmed that “Chinese shipbuilding companies (have achieved) excellent results in terms of completing construction operations,” despite the repercussions of the Corona health crisis.
She explained, “The world’s largest dual-fuel container ship with a capacity of 23,000 TEUs was delivered at the end of 2020 on Shanghai’s Changxing Island, after its success in complex tests such as conventional energy experiments and LNG experiments.” It is “the third container ship of the same type that China will receive in 2020.”
Source: Al-Shaab newspaper (in Arabic) Chinese