Chinese Shipbuilding Industry Added to Report

Research and Markets has announced the addition of “China Shipbuilding Industry Report 2007” to their offering. Up to Dec. 2006, the ship order all over the world was 304 million DWT, and the global transportation capacity was 960 million DWT, and it is forecasted that the CAGR will be more than 7% in the following 4 years. However, in 2006, the growth rate of the global maritime trade dropped to 3.6% from 4% in 2005, and the increase pace of future transportation capacity will exceed the demand. It is estimated that the global shipbuilding output will amount to 50 million CGT in all in 2010, up 63% compared to the present, whereas the demand in the future will be 20-30 million compensated gross tons probably, so it is unavoidable that the supply will be larger than the demand. [Source: http://home.businesswire.com]