Subscribe to RSS feedChinese yards to halve orderbook
CHINESE shipyards could see the volume of new orders plummet by 50% over the next five years as overcapacity in the merchant fleet, coupled with the weak global economy, takes its toll on shipbuilders, the China Association of the National Shipbuilding Industry (CANSI) has predicted.
Analysts also warned that the total orderbook at the country’s shipyards would continue to decline in the long term, despite a recovery in new orders between June and August. CANSI said Chinese shipbuilders had an order backlog of around 190.8m...
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