We will see when it gets installed.
Chinese shipbuilding industry
- Thread starter tphuang
- Start date
We will see when it gets installed.
Something very important...
Chinese shipyards remain reluctant to sign orders and discuss prices for long-term deliveries
Chinese shipbuilders are reserving a large number of slots for military construction. This means companies might have to contract to Japan for new build commercial ships with ships now in short supply. This is in the light that we are having a major shipping crisis around the world that is raising freight rates and which is pushing global inflation.
Chinese shipyards remain reluctant to sign orders and discuss prices for long-term deliveries
Chinese shipbuilders are reserving a large number of slots for military construction. This means companies might have to contract to Japan for new build commercial ships with ships now in short supply. This is in the light that we are having a major shipping crisis around the world that is raising freight rates and which is pushing global inflation.
broadsword
Brigadier
“ This is due to the risks associated with steel price fluctuations.”
“ with South Korea sealing mega contracts this year, as has China,”
It seems to me these two factors also quoted in the article are likely to be mainly responsible for why Chinese and Korean ship builders are not accepting any orders. The number of slots required to support even major naval expansions would still be small next to the capacity of ship building industries in China and Korea. In any case, most ship yards that can build merchant ships are not capable of building warships.
But the idea that China is not building merchant ships because she is building so many warships is more sensational and therefore is a better click bait than the real reason.
Instead, steel price fluctuations can be the excuse Chinese shipbuilders, CSSC related in particular, to explain why they are not taking orders as opposed to the real reasons which is military buildup. From a business perspective, do you want to explain to prospective clients that your real reason of refusing orders is that we are building a ton of warships when the military has also given you a hush order about this? Of course no if you don't want to go to jail. You have to smile and lie about it with some reason.
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You want to carry more TEUs so lower empty weight and higher DWT makes a more profitable ship. Besides, even a full container may not be so dense, since it carries a whole lot of commercial goods that are more space than weight intensive. The largest bulk carriers, Valemax (mostly China built), weigh more heavily than the largest container ships when full.