Building new marine economy

Chinese shipyards begin making high-end vessels for domestic and overseas customers, taking on global competitors

After delivering frigates to naval forces of Algeria and Pakistan, and mega-container ships, liquefied natural gas or LNG carriers and vehicle carriers to shipowners in the United States, Norway, Denmark, Germany and Singapore, Chinese shipyards have recently made inroads into the high-end ship segment, to compete with their South Korean competitors.

What's facilitating that trend is the "marine economy", whose meaning has widened in recent times to include industries like shipping, fishing, aquaculture, oil and gas.