Chinese shipyards to challenge South Korea's dominant rivals

Switch to offshore engineering projects keeps orders flowing, reports Zhong Nan in Qidong, Jiangsu.

South Korea may have the reputation as the world's largest manufacturer of offshore engineering equipment, but its earning ability is no longer as strong as it used to be.

Supported by accumulated technical know-how, lower production costs and the government's strong desire to secure more offshore oil, Chinese shipbuilders are launching a strong challenge to their next-door rivals.