As the world's largest shipbuilding country, China has expanded its leading position in Korea, as supported by the state shipyard won the contract manufacture of gas carriers, however, China's private shipyards, struggled to obtain funding.

The first seven months of this year, China received 27.8 million dwt ship orders, accounting for about 47% of the global shipbuilding contracts, leading South Korea 7.8 million tons. The year before, the gap of 100 million tons.

Supported by the government shipbuilding companies received nearly three quarters of these contracts, which indicates that access to finance is not a problem for them. This is China's largest private shipbuilding enterprise China Rongsheng Heavy Industries Group Holdings Limited, the situation differently. Not getting any this year shipbuilding orders, China Rongsheng Heavy Industries Group Holdings Limited last month to seek government support. China this week has troubled shipping industry announced a three-year plan.

Seoul E * TRADE analyst Pumao Xian (sound), said: " China is trying to develop support for the shipyard by the State in order to help them to be more competitive when competitors face South Korea, which would mean that most of the face private shipyard funding problems will not get much help. "

According to shipbroker Clarkson data provided, Hyundai Heavy Industries, Samsung Heavy Industries and other South Korean shipbuilding companies received 20 million tons of shipbuilding orders. Throughout the world, as of July, shipbuilding orders from different companies amounted to 59.6 million tons.

According to UOB Kay Hian Holdings Ltd. said that in China, the first half of this year, supported by the government enterprises 74% of the new orders.

Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. from China Shipping Development Co., earlier this year won the manufacture six LNG contracts. COSCO Dalian Shipyard Co., Ltd. acquired a manufacturing contract for LNG carriers.

China earlier this week announced a three-year plan to urge financial institutions to support the shipping industry. The Government also hopes to strictly control new capacity ship industry and promote the development of high-end products.

Offshore rig construction industry is one of Singapore's few heavy industry, despite strong demand, the industry still faces challenges. The reason for this phenomenon is that counterparts from China more competitive.

Wall Street Journal recently reported that Keppel Group, Keppel Offshore & Marine (Keppel Offshore and Marine) and Sembcorp this business strategy is to come up with high-end market shift, they had specialized in producing shallow water drilling platform, and now construction can begin in the deeper and more extreme conditions of oil and gas drilling equipment. But in this market segment Korean shipping prices have been very strong position, while Chinese enterprises figure is also increasing. The two Singapore companies reported second-quarter profit fell.

The Wall Street Journal reported that Asian shipyards (mostly from South Korea, China and Singapore) controls the offshore drilling equipment market share of around 75%, until two years ago, Keppel and Sembcorp jackup drilling platform or a major supplier. Jack-up drilling rigs generally built in relatively shallow waters of the sea bed. The cost of such a platform is usually about $ 200 million. But in 2012, the two companies won only nine jackup drilling platform, new orders, and including the Dalian Shipbuilding Industry Offshore Engineering Co., Ltd. and CIMC Raffles Shipyard in China, including COSCO is won 14 orders. First seven months of this year, China has 23 orders ahead of Singapore's 17 orders. Although Singapore builders still holding long-term orders, but cheaper Chinese drilling platform for Singapore means getting new business will become increasingly difficult.

And Singapore, threatened sizeable industry. Singapore Ministry of Trade and Industry data show that last year marine engineering in Singapore's manufacturing accounted for 6.4% of total output, bringing about 190 million Singapore dollars (about 15 billion U.S. dollars) in revenue.

Chinese shipyards in 2013 received orders rig is expected to hit the biggest this year, which is mainly affected by shipping enterprises from China's shipbuilding industry overcapacity redeploy resources boost. Chinese Government proposed five-year plan to build the Bohai Bay, Yangtze River Delta and Pearl River three marine engineering equipment manufacturing base.

China's " Twelfth Five-Year Plan" goal is to marine equipment sales reached 200 billion yuan, accounting for 20% of the global market. Religare Capital Markets ASEAN head of research Vincent Fernando said that in order to achieve these objectives and to obtain technical know-how, Chinese shipyards all want to beat the competition and even sacrifice profits.

Keppel Group announced last month, the company plans in 2014 launched a new rig designs. Drilling rigs for three thousand meters water depth exploration work, the cost is almost self-elevating drilling platforms fourfold. Singapore and China in this professional field can compete with the South Korean shipyard remains to be seen.