This is why most Indian news outlets to me, bluntly speaking, suck.
Ok. Article failed not check the nearby shipyards, like where the Shandong is. See the shipyards to the left.
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The dry docks are full of LNG carriers and tankers under construction, the commercial ships that happen to be DSIC's specialty and staple.
As much as DSIC is known in the Internet for making warships, its bread and butter is always been commercial, and in particular, building tankers.
China alone probably needs about 400 to 500 ships in the near future in order to replace its aging ships, new ships to meet new safety and emission standards, and to deliver both imports and exports to its growing economy, and that's in addition to making new ships to global clients.
Trade journals paint a different picture from the Indian article.
Sorry this one is on a paid wall but the title says the gist of it.
Here is another.
"South Korea has the largest market share in the global shipbuilding market, followed by China and Japan. The global market share of the Korean shipbuilding industry has reached 34%; the global market share of China’s shipbuilding industry is 33%; the global market share of the Japanese shipbuilding industry is 17%. In Korea, the government is taking various initiatives to support the shipbuilding industry, and Korea has the largest share of new orders. The global share of China’s shipbuilding is growing steadily. In Japan, several reforms have taken place.The global shipbuilding market is expected to grow in future due to increasing seaborne trade and economic growth, rising energy consumption, demand of eco-friendly ships and shipping services, and the advent of robotics in shipbuilding. Orders are declining, many shipyards have stopped production and went bankrupt. However, such changes have also led to a small increase in the price of the order. The world is continuing to change at a rapid pace."
In other words, China builds 1 out of 3 new ships in the world, and nearly 3 out of 4 ships are built in Asia. Things may not be so smooth, but the fundamentals are there.
