China State Shipbuilding Corp (CSSC), the nation’s biggest ship maker, said its profit almost tripled last year with its net income surpassing 14 billion yuan skyrocketing from 5.2 billion yuan in 2006.
It received a record order of more than 23 million deadweight tons (dwt) of ships worldwide, with an overall amount for orders beyond 50 million.
By occupying 10 percent of the global shipbuilding market in total orders, CSSC shrank the gap between itself and the world's largest shipbuilder Hyundai Heavy Industries Co of South Korea, maintaining second place for two consecutive years.
"In the next three years, our output will maintain a high annual growth rate of 40 percent and in 2010, it will exceed 18 million dwt," said Chen Xiaojin, chairman and general manager of CSSC. "We aim to be the biggest shipbuilder by 2015 and make China the top nation in shipbuilding."
According to Chen, CSSC will also celebrate the launch of China's first independent tanker for liquefied natural gas (LNG) this March, a milestone in China's shipbuilding history.
Tankers for LNG, are among the largest and most complex cargo ships in the world.
"We will continue to put 5 percent of our turnover into research and development this year to strengthen our independent innovation, which is the key to long-term development," said Xu Miao, deputy director of the technology department of CSSC.
Xu said CSSC is also trying to design and develop luxury cruise liners, which at present are produced only by European shipbuilders.
Questions:
1.What was the net income of China State Shipbuilding Corp (CSSC), last year?
2. Currently CSSC has what share of the global shipbuilding market in total orders?
3. Who is the world’s largest shipbuilder?
4. For the future what types of ships will CSSC devote it’s energies towards creating?
Answers:
1.14 billion.
2.10 percent.
3.Hyundai Heavy Industries Co of South Korea.
4.LPG tankers and luxury cruise liners.
（英语点津 Celene 编辑）
About the broadcaster:
Brendan is an Australian who has been involved in education and writing for over a decade. He has published most recently for the Tiger Airways Inflight magazine, The Bangkok Post, The Taipei Times and Japan's Hiroshima Outside Magazine. He holds a Masters Degree in Community Development and Management and has resided in China for over 3 years.
