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
EV's good vibrations
19 June 2017
The Golden State prepares to tax petroleum demand into decline, promoting electric and zero-emissions vehicles
Not so fast for EVs
19 June 2017
EVs will get a bigger share of the car market, but won't pose much of a threat to global gasoline demand
Fringe engines
19 June 2017
Natural gas and fuel cell vehicles are not growing as quickly as EVs, for good reasons