News Analysis: Chinese Shipyards Look To Research And Development In Off-Shore Oil Rig Fabrications; this, to meet or exceed such manufacturing in Japan and South Korea. More oil being discovered in all of the Oceans of the World bode well for the equipment needed for its extraction. Chinese understand that with the level of Quality that must be incorporated into both the design and build of Oil Rigs, more than just lower Price is involved in the selection process. Some of the Chinese Shipyards are ‘fast tracking’ obtaining Research And Development (R&D) Knowledge by purchasing established Companies that have it. ‘R&D’ purchased may be less expensive in both time and money than earning it over many years. The Yards already know the Quality they are producing in vessels is very Sea Worthy. Reality.
Reference: http://tinyurl.com/l5642lp