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| The Economic Roundup is an excerpted translation of the Chinese-language ROC Economic Yearbook published by the Economic Daily News, a sister publication of the Taiwan Economic News. The yearbook is the most comprehensive and authoritative source for understanding the fundamentals of Taiwan's economy, both in the macro and micro aspects. The excerpted translation gives foreign readers a concise view of the island's overall economic picture. It is divided into four parts: general economy, primary industries, secondary industries, and tertiary industries. |
| Secondary Industries > Shipbuilding Industry |
| Global shipbuilders continued to enjoy, in the first half of 2005, the same booming business as posted in 2003 and 2004, with the new orders amounting 47.3 million tonnage. But orders declined sharply in the second half, as shipping firms began to take a wait-and-see attitude toward placing order for new ships due to the drop in shipping business. As a result, total global orders for new ships in 2005 posted a sharp annual decline of 30% to reach 73.69 million tonnages.
In 2005, the production value of the state-run China Shipbuilding Corp. amounted to NT$19.3 billion, up NT$3 billion from 2004, and the output value of the yachts made in Taiwan also rose by NT$2.7 billion during the year. As a result, the overall production value of Taiwan's shipbuilding industry hit a record high of NT$39.196 billion in 2005, up 19.6% from NT$32.782 billion in 2004. China Shipbuilding Corp. accounted for 49.2% of the total output value, followed by small and medium-sized shipbuilders with 25.6%, yacht makers with 21.4% and makers of parts and components with 3.8%.
Local yacht makers are focusing on building high-end yachts with length over 120 feet. In 2005, Taiwan exported 237 yachts, compared to 230 yachts in 2004.
In terms of total loading capacity of new ships ordered in 2005, China Shipbuilding Corp. received orders for 18 ships with an aggregate loading capacity of 930,000 tons, respectively accounting for 1.09% and 1.26% of the global corresponding figures. |
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