Subscribe to RSS feedBeijing reports tenfold rise in newbuild orders
CHINESE shipbuilders saw a tenfold surge in newbuilding orders following a rebound in ordering activity in the first quarter and Chinese yards now command almost 50% of the global shipbuilding market, according to China’s Ministry of Industry and Information Technology.
The ministry said that in tonnage terms the volume of orders jumped 10.5 times to 8.3m dwt between January and March, compared with just 720,000 dwt in the same period last year.
This rise translated into a total global market...
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