MAJOR MARKET MATURES FOR MARITIME COATINGS IN CHINA
February 2nd, 2011
BY MARK GODFREY
CHINA'S shipbuilders are clearly on a roll, the nation having surpassed South Korea and Japan to become the world's top builder of vessels - and specialist maritime coating manufacturers are taking notice. Data from maritime consultancy UK-based Clarkson Research Services Ltd shows spending on new vessels in 2010 saw a year-on-year increase of 106%. China in 2010 accounted for 37.7% of newly constructed vessels based on compensated gross tonnage (CGT) an industry metric measuring total work put into building a ship. South Korea takes second place ...
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