Shipbuilders riding crest of global orders

China's complete manufacturing clusters, sustained investment and resource allocation boost industry

Multiple teams tasked with simultaneously constructing 14 ships, each with different functions, are busy at work at the docks owned by Jiangsu Yangzi Xinfu Shipbuilding Co Ltd, a shipyard based in Taizhou, East China's Jiangsu province.

The company receives large shipments of various commodities and industrial equipment daily, including marine steel, fasteners, electronic components and aluminum alloy.

However, most of the oil and chemical tankers, dual fuel-powered container ships and ore carriers built in the shipyards will not be delivered to domestic shipping and energy companies.