New orders at Chinese yards set to slowdown

CHINA Association of the National Shipbuilding Industry (Cansi) forecasts that Chinese shipyards will see a 73% growth in new orders to 45m dwt for 2010, but also says the pace of new orders will slow over the rest of this year.

The association’s projection for the final five months of this year is 11.7m dwt in new orders, or less than half the 33.3m dwt ordered in the first seven months.
Experts have said that China’s yards are locking capacity...

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