Chinese shipbuilding industry
- Thread starter tphuang
- Start date
The US: "Chyna shipbuilding industry overcapacity! We must sanction them!"
Chinese shipbuilding industry with overcapacity:
Zhanjiang Bay 1, i.e. world's first semi-submersible dynamic positioning (i.e. mobile) fish farm platform ship. 154 meters long, 44 meters wide, 24.25 meters hull depth and maximum draft for fish farming of 20 meters. Aquaculture volume of 90000 square meters, with an annual fish production capacity of 2000 tons.
Posted by @江宁婆婆 on Weibo.
Chinese shipbuilding industry with overcapacity:
Zhanjiang Bay 1, i.e. world's first semi-submersible dynamic positioning (i.e. mobile) fish farm platform ship. 154 meters long, 44 meters wide, 24.25 meters hull depth and maximum draft for fish farming of 20 meters. Aquaculture volume of 90000 square meters, with an annual fish production capacity of 2000 tons.
Posted by @江宁婆婆 on Weibo.
Before I scrolled down to the description under the photos, I saw the first picture and thought, "Why does the ship have those giant side openings? Hey, I'll bet it's one of those mobile fish farms I read about!" And sure enough ....
I hope extra attention is being paid to the equipment and procedures for crew safety on this vessel.
the headline is misleading and some of the information too.
China already captured more than 70 percent of global green ship orders in the first three quarters of 2024.
China shipbuilding order book is full till 2027 or even 2028. Chinese shipbuilding enterprises have obtained the most orders from global clients in 2024, with their scheduled ship delivering time stretching as far-flung as 2028.
China has already full of orders from year 2024 and delivery schedule stretches to 2028
Edit - China have many cards to play in shipbuilding too. In 2024, China's ports are projected to handle around 17.5 billion tonnes of cargo. they are the largest trading partner of 150 countries. China could put the same duties on Korean/Japanese made ships include ships directly come from USA ..
Whats the Calrkson reasearch? Do they mean by" sold" is delivered/handed over? or paid? Also 4 ships sold in he 2nd hand market?
A full order book for now doesn't mean that future sales won't decrease and the article sort of demonstrates that. What you are highlighting is just a lag time of 2-3 years.
Right; these things are usually done over long time horizons. Actually that is also why such type of industry wide economic wars are phased in over time.
I'm certain that if push comes shove, PRC can decide on just as devastating tariff regimes as USTR with some notion of extraterritoriality. Each structured in a way to impact the entire supply chain, or as much as it is convenient to enforce. Those could be phased in over several years, to lessen the impact on other nations, for them and the domestic players to make gradual switch over time.
Some large and significant sectors that can be targeted would obviously include commercial airspace. A major increase in airspace transit fees as well as airfield slot fees for American made commercial aircraft probably would be the long term death knell to the Boeing long haul fleet (787 + 777X), which could potentially lead to the collapse of the firm, prompting some type of government intervention.
Another area potentially are new costs imposed on financial transactions that go through the US, although it would also hurt the available liquidity in PRC markets as well. Those can be variably imposed on various types of asset classes, brokerage services, underwriting activities, structured finance, etc, to maximize the impact on US financial sector while minimizing domestic impact. Over time, this would actually be a significant force in shifting financial activities in the West toward London, Frankfurt, and other centers, leaving a big hole in the US economy.
There are many other examples, such as petrochemicals products, refined fossile fuels, fossile fuel exploration and drilling services, brand name pharmaceuticals, automobile components, medical equipment and components, industrial electronic instruments, agricultural products, etc.