Market Opportunities

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Vast Market Opportunities in the South China/Pearl River Delta Region:
  • China's shipbuilding output was 28.81 million deadweight tonnages in 2008, rising by 52% from last year.
  • In 2008, shipbuilding output, newly undertook ship orders and ship orders in hand accounted for 29.5%, 37.7% and 35.5% respectively in the world, in which China's shipbuilding output and ship orders in hand kept a fast growth for six consecutive years and led to the three indicators standing the second place in the world.
  • China' shipbuilding output in 2009 is projected to be over 40 million deadweight tonnages and 56 million deadweight tonnages of orders in hand from last year.
  • In February 2009, China government issued the Adjustment and Revitalization Plans of Chinese Shipping Industry, showing the government's determination to support shipbuilding industry by preferential policies on credit loan and tax.
  • China's central government has recently approved a development plan to explore oil & gas from South China Sea in the next decade, with a total investment estimated at RMB200 billion (equivalent to US$29 billion at the rate of 6.84RMB/USD).
  • Guangzhou Port is to become the main trade port for Southeast Asian and other regions in the world. It is expected that in 2010 the port will handle more than 350 million tonnes of cargo and 10 million TEU.
  • By 2020, the Pearl River Delta Region will be joined by the Hong Kong and Macao Special Administrative Regions in "a global competitive" and "most vigorous" area in the Asia-Pacific region.
  • Equipment manufacturing in the Region will focus on 5 Areas: nuclear power facilities, wind power equipment, power transmission and distribution facilities, numerically controlled tools and ocean engineering equipment.
  • In Guangzhou, ports recorded a box volume of 1.7 million TEU and an overall cargo tonnage of 51.8 million during the 1st quarter. Both container throughput and cargo tonnage in March registered increases over January and February this year.
  • In 2008, China National Offshore Oil Corporation (cnooc) has a total of over RMB 120 billion investment in Guangdong, and it will invest another RMB 300 billion in the coming five years.
  • State-owned China shipbuilder, China State Shipbuilding Corporation recently announced its plan to invest up to RMB 10 billion ($1.5billion)to build a shipyard in Zhongshan, Guangdong province. The shipyard will be used for building containerships, ropax vessels, tankers, chemical tankers and offshore vessels of up to 100,000 DWT.
  • CSSC Guangzhou Longxue Shipbuilding Co., Ltd., the largest shipbuilding company in South China, has currently secured orders for 18 vessels with a total of 4.16 millin DWT, which are scheduled for delivery by the end of 2011.

Sources:
www.schcri.com
Energy Current
China's Ambitions for Pearl River Delta Region by 2020

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