2010, Rise of Sinopacific Shipbuilding Group

It might be hard to judge now if the global shipbuilding industry is recovering, but an encouraging story is certainly taking place in China in 2010.
According to Clarkson Research Services, China overtakes Korea as the world's top shipbuilder in the first half of 2010 and kept ahead in terms of three major industry indicators, including new orders, order backlogs and delivery. As China’s leading private shipbuilding company, Sinopacific Shipbuilding Group is a significant driving engine of the industry development and made a rapid growth in the past year.
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Source: MIC