A ship is seen on the Huangpu River in Shanghai October 14, 2013. REUTERS/Carlos Barria
China laid out a detailed three-year plan in early August to restructure its massive shipbuilding industry, urging local governments to halt approvals of new projects and companies to build high-tech vessels. While state-owned and better quality private shipyards now have enough construction orders to keep busy into 2015 or 2016, the future looks grim for the rest, many of whom have already run out of work.
A vessel is seen under construction at the Waigaoqiao shipyard in Shanghai November 5, 2013. REUTERS/Carlos BarriaLabourers leave a ship undergoing construction during a lunch break at the Hudong-Zhonghua Shipbuilding company’s shipyard in Shanghai October 14, 2013. REUTERS/Carlos BarriaA labourer walks near a ship which is under construction at the Hudong-Zhonghua Shipbuilding company’s shipyard in Shanghai October 14, 2013. REUTERS/Carlos BarriaAnother ship under construction at Hudong-Zhonghua Shipbuilding company’s shipyard in Shanghai October 14, 2013. REUTERS/Carlos BarriaA labourer rests during a lunch break at the Hudong-Zhonghua Shipbuilding company’s shipyard in Shanghai October 14, 2013. REUTERS/Carlos BarriaA labourer welds part of the structure of a ship which is under construction at the Hudong-Zhonghua Shipbuilding company’s shipyard in Shanghai October 14, 2013. REUTERS/Carlos BarriaA labourer welds part of the structure of a ship which is under construction at the Hudong-Zhonghua Shipbuilding company’s shipyard in Shanghai October 14, 2013. REUTERS/Carlos BarriaA labourer welds part of the structure of a ship which is under construction at the Hudong-Zhonghua Shipbuilding company’s shipyard in Shanghai October 14, 2013. REUTERS/Carlos BarriaA labourer works inside the structure of a ship which is under construction at the Hudong-Zhonghua Shipbuilding company’s shipyard in Shanghai October 14, 2013. REUTERS/Carlos BarriaA vessel under construction is seen at the Waigaoqiao shipyard in Shanghai November 5, 2013. REUTERS/Carlos BarriaLabourers work on a section of a ship, which is under construction at the Waigaoqiao shipyard, in Shanghai November 5, 2013. REUTERS/Carlos BarriaA labourer works on a section of a vessel which is under construction at the Waigaoqiao shipyard in Shanghai November 5, 2013. REUTERS/Carlos BarriaA labourer works on a section of a vessel which is under construction at the Waigaoqiao shipyard in Shanghai November 5, 2013. REUTERS/Carlos BarriaA labourer takes a break as he work inside a ship which is under construction at the Waigaoqiao shipyard in Shanghai November 5, 2013. REUTERS/Carlos Barria
China laid out a detailed three-year plan in early August to restructure its massive shipbuilding industry, urging local governments to halt approvals of new projects and companies to build high-tech vessels. While state-owned and better quality private shipyards now have enough construction orders to keep busy into 2015 or 2016, the future looks grim for the rest, many of whom have already run out of work.
