MKE(Ministry of Knowledge Economy, Korea) forecasted the shipbuilding industry in 2011 is highly likely to regain No. 1 status for new orders which China has had for 2 consecutive years. It¡¯s because optimistic outlook of container ships and marine plants in the demands in 2011, which our country has seen the strength of and positive elements such as marine fuel regulatory or so. In addition, it is judged that China's shipbuilding industry is in the face of the bad news such as inactivity of bulker market that is China flagship species, industry restructuring pressures due to sudden enlargement of institution, rise of labor costs and weak price competitiveness due to appreciation of the renminbi.
Of course, it should not be overlooked that on the basis of China's huge foreign exchange reserves, providing ship financing to strengthen relations with European countries and ship owners, and being increased for the orders of value¡©added products such as LNG vessels could become a variable.
MKE announced that vessels and equipment exports in Korea on 2010 reached up to 49.8 billion U.S. dollars to achieve the biggest performance, but the world shipbuilding capacity in 2011, would stay in 4,540 CGT having more decreased 9.5 % than in 2010, and domestic shipping and shipbuilding exports would be amount to $ 4.7 billon U.S. dollars with falling 5.6%.
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