Global orders for new ships increased by nearly 300%, and the shipbuilding market cycle has turned around.

Compared with Japan and South Korea, in recent years, the shipbuilding industry to high value-added ship type transformation, South Korea in the gas ship, VLCC ship and other high value-added ship type construction has an absolute advantage; China's competitiveness in container ships is similar to that of South Korea, and it has a clear advantage in bulk carriers. Japan is mainly based on bulk carriers.

This year, the plan of forming the two ships into China State Shipbuilding Group has completed anti-monopoly review in major countries, and the reorganization of the two ships has entered a substantive stage. According to Zhang Chao, combined with the current industry trend of the global shipbuilding industry, the merger of the two ships will help China's shipyards maintain a strong competitiveness in the global market. "Consolidation will eliminate some duplicate competition, there will be a synergy in R&D and technical capabilities, and in the civilian ship market, consolidation will steadily improve the quality and quantity of shipbuilding."