Related Articles
Forward article link
Share PDF with colleagues

Foreign technology fuelling China's shipbuilding dream

European marine-engine maker Wartsila is to transfer most of its propeller- and auxiliary-engine production to China from the Netherlands, resulting in the loss of a third of its 1,500 workforce in that country. The company cited a significantly lower order intake during the past year, and "fundamental changes" in the marine market. One of the fundamental shifts it refers to is the emergence of China. Last year, China overtook South Korea as the world's biggest shipbuilder in terms of new orders – though not in overall tonnage terms – says brokers Clarksons. South Korea and Japan have been the world's top shipbuilders for many years. Although the total number of orders in 2009 was a fractio

Also in this section
Jordan eyes Iraqi crude for expanded refinery
14 February 2018
The country has approved in principle a plan for a pipeline to import Iraq's oil
Russia's turf wars
14 February 2018
Even as the country's gas sector thrives, its major companies face political battles at home and abroad
Maputo's new partner
14 February 2018
An American oil giant will take the lead in the Rovuma