1.The development of China’s shipbuilding industrySince 1999, with the increasing demand of the world ship market and the support of the government to the development of the shipbuilding industry and other favorable factors, China’s shipbuilding industry has made significant progress. With the coming forth of new enterprises such as Nantong COSCO KHI Ship Engineering Company Ltd. (NACKS) and Waigaoqiao Shipyard, and the completion of the big dock projects of Hugong-Zhonghuo and New Century