On March 15, 2008, the China Mechanical and Electrical Commerce Association and Weichai Power jointly held a press conference to announce that China was invited as a guest country to participate in the 10th Asia-Pacific Maritime Exhibition for the first time. This marked a significant milestone, as it was also the first instance where foreign exhibitions granted Chinese companies a special guest status, highlighting the growing international recognition of China’s maritime industry.
According to Yao Shenhong, a spokesperson from the Ministry of Commerce, China’s shipbuilding sector had shown remarkable growth in recent years. In 2007, the country surpassed South Korea and Japan in new ship orders, securing the largest share of global shipbuilding contracts. Additionally, China’s backlog of orders ranked second worldwide, solidifying its position as a major player in the global shipping industry.
Interestingly, this year’s exhibition saw participation from private enterprises, signaling a shift in China’s maritime export strategy. Rather than focusing solely on full vessels, these companies are now promoting core components—particularly marine engines—which will help elevate the entire domestic shipbuilding supply chain. Zhong Genghui, an assistant to the president of Weichai Power, noted that the company holds over 70% of the market share in small and medium-sized marine engines, underscoring its dominant role in the sector.
Over the years, China’s civilian shipbuilding industry has evolved from being fragmented and low-end to becoming more specialized, scalable, and technologically advanced. The influx of private capital has accelerated this transformation, leading to a more competitive national shipbuilding sector. China National Civil Shipbuilding Corporation has achieved international standards in key technical performance metrics across various types of ships, including bulk carriers, container ships, and tanker chemical tankers.
Today, China is home to over 3,000 civil shipbuilding companies, most of which are small or medium-sized. Despite their size, these firms have experienced rapid growth and are increasingly aware of their global market potential. By 2007, the industry accounted for nearly half of China’s total shipbuilding output. Previously, two major state-owned groups—China Shipbuilding Industry Corporation and another leading group—were responsible for two-thirds of the national output, but the rise of private enterprises is reshaping the landscape.
This evolution reflects not only the strength of China’s shipbuilding capabilities but also its growing ambition to play a central role in the global maritime industry.
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