China surpasses South Korea to become worlds largest shipbuilder in 2010

China surpassed South Korea to become the world’s largest shipbuilder in 2010 in terms of shipbuilding capacity and new orders, according to recently released statistics from China’s Ministry of Industry and Information. The statistics show that from January to December 2010, China’s shipyards finished building 65.6 million deadweight tons, an increase of 54.6 percent year on year.They received new orders exceeding 75 million deadweight tons, nearly triple the amount of a year earlier.

China’s shipbuilding enterprises are mainly distributed among Jiangsu, Shanghai, Zhejing, Shandong and Guangdong, with Jiangsu ranking first.