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15,801 Views • May 6, 2024 • Click to toggle off description
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RYD date created : 2024-05-31T19:34:58.53686Z
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170 Comments
Top Comments of this video!! :3
Correct me if I'm wrong, cheap doesn't mean low quality. I never heard or read that ships built by China having any accidents.
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The United States USED to subsidize shipping for American Flagged vessels.
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What will be an important stat, is the average life cycle of Chinese built ships v/s the cost of vessels built in China.
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Don't forget that in china the government is heavily investing in the infrastructure, meaning routes bridges tunnels etc, so yes building is cheaper and the ship builders are investing in modern laser guided oxygen cutting machine. It's also very easy to transport materials to the ship building areas. Also education standards are much higher than in the USA
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Seems like the ports should tax ships that were subsidized.
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"Why are Chinese ships cheaper?"
Because they're made in China. There. I just saved everyone a minute and a half.
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Wild guess, labor costs and overhead are the balance sheet’s leading cost avoidances.
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Because it’s the land of cut corners
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Right on brother! Love your roll.
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Also keep in-mind, there are minimal environmental laws, wetlands protections, zero organized labor all located in prime locations. Heavy industries like shipyards, steel mills, bulk materials, refineries and chemical plants are all located along waterways on sought after property. In Western countries, such industries are shuffled-aside into industrial zones, out of sight of the public eye and that waterfront land is made use for residential and recreational uses for the public.
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perfect ! thanks captain Sal
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There's a way to counter this. Stiff tariffs on coal, steel, iron ore and other minerals for China. There's no point selling steel to your future adversary.
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it is not only ship building. but solar panels, EV, lithium battery, steel and aluminium production. what Janet Yellen calls it overcapacity. I dont think China can only achieve this with subsidy and cheap labor cost. there are other factors too
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It must be nice to have a country with an actual industrial policy
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Trump had good answer for that, tariffs.
Biden just now started to understand that.
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This is exactly why I stopped going to chinamart 26 years ago
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This is off topic maybe but I had a comment on someone else's post regarding how it is determined when to scrap a ship and whether a ship destined for the breakers can be rebuilt for less cost than starting fresh?
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Hi Sal.
Any follow-up on China desecrating war grave that is HMS Hood, by salvaging metal?
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If US had both direct and indirect subsidies, do you think they’ll be able to match the volume?
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@wgowshipping
6 months ago
CSIS Hidden Harbors report:
www.csis.org/analysis/hidden-harbors-chinas-state-…
Harvard Report Indirect Subsidies:
tradetalkspodcast.com/podcast/194-industrial-polic…
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