The first shipbuilding industry investment fund in Tianjin has currently funded over 60 vessels and is seen as great support for present sluggish newbuilding orders, as Zhang Guangqin, president of China Association of National Shipbuilding industry (CANSI), put forward at the 3^rd CSF Forum.

“Some experts predict declining momentum of international shipbuilding market in next three years and the industry summit peak in 2007-2008 would not come back until 2020.” Zhang said and was supportive to this view, “Domestic new orders for 2011 face bleak future and may see a 20-30% fall in volume against last year. ”

Zhang also revealed that the current orders at hand for most shipyards could only last for one to two years and many yards would have to run about for new contracts.

“For those credible, capable and outstanding shipyards, we are willing to give financing support if any excellent project” Zhang said, “We will employ finance tools to push support shipbuilding industry and to enhance shipping financing human resources”