Sentence examples for global shipbuilding from inspiring English sources

Rongsheng Heavy Industries has been hit hard by falling prices in the global shipbuilding industry.

"The market for offshore exploration is now the hottest sector in the global shipbuilding industry," said Lee Jae-kyu, shipbuilding analyst at Mirae Asset Securities in Seoul.

After such a long depression, the latest global shipping market index shows that the economic recovery of global shipbuilding market is underway.

The economic fallout from a global decline in shipbuilding affects not only the workers at the dry docks but also hundreds of businesses that supply parts and raw material to the industry.

Waddell blamed Margaret Thatcher's government for "sowing the seeds" of current woes by closing shipyards in the 1980s, "rather than funding investment that would have allowed Britain to compete in the global marketplace for shipbuilding orders against the likes of South Korea".

Since 2009 of global financial crisis, shipbuilding industry has undergone hard times seriously.

But it is not all the chaebol's fault: most of these businesses are in industries already plagued with global overcapacity cars, steel, concrete, shipbuilding and the like and generous buyers are hard to find.

Outlook The decline of Polish shipbuilding makes global economic sense, in that most of the work can be done cheaper elsewhere without sacrificing quality.

The sorry state of global shipping stems from a shipbuilding boom that peaked in 2008, just before the global financial crisis, and created a glut in cargo capacity.

Industry experts say Brazil has the capacity to capture 5percentt of the global market, but the traditional shipbuilding powerhouses, Japan, South Korea and more recently China, remain formidable rivals.

It cites several factors, including the decline of Nokia (now subsumed by Microsoft after losing its dominant position in mobile); weaker global trade which hit its shipbuilding sector; and increased competition in the paper industry, where Finland (with its forests) once thrived.