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China's Shipbuilding Giant Receives 136 New Orders in 2000
The China State Shipbuilding Corporation (CSSC) received 136 new orders valued 16.7 billion yuan in 2000, announced Chen Xiaojin, president of the CSSC, Friday.
The corporation also acquired orders for 17 oceangoing ships from domestic clients last year, valued at 4.3 billion yuan, Chen said at the CSSC's annual work conference.
According to Chen, the company generated an industrial output value of 12.06 billion yuan last year, an increase of 3.9 percent on an annual basis, including 7.5 billion yuan from exports, up 15. 4 percent. Total sales income stood at 13.24 billion yuan, up 2.3 percent year on year.
Currently, the CSSC holds in hand orders for 188 ships, which will take two to three years to fulfill. This indicates that China 's shipbuilding industry has overcome the negative effect of the Asian financial crisis, he said.
As one of China's top two shipbuilding giants, the CSSC has the three major Chinese shipbuilding companies, the Jiangnan Shipyard Group, Hudong Shipbuilding Group and Guangzhou Shipbuilding International Ltd., as its members, in addition to a big number of other smaller ones. It employs a total of 95,000 people.
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