China yards face 50% cancellations
by
Hui Ching-hoo, Hong Kong
—
last modified
Oct 22, 2009 03:30 PM
HALF of the newbuilding orders placed at China’s shipyards will be delayed or cancelled because of overcapacity, according to China’s National Development and Reform Commission, the country’s highest policy-making body.
The commission’s industry department deputy director-general Xiong Bilin...
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