Fuzhou shipbuilder targets high-tech specialized market

Ships for specific purposes are the future of the shipbuilding industry, said a top executive of a Fuzhou-based shipbuilder.

Fujian Mawei Shipbuilding Ltd, the largest shipbuilder in Fujian province, is building the world's first oceanic mining ship.

The 227-meter ship is to be used for mining at a level of 1,600 meters beneath the surface of the sea. It will be delivered to a British ship leasing firm in December 2017, which is going to lease it to Canadian company Nautilus Minerals for mining in oceanic regions near Papua New Guinea.