Subscribe to RSS feedChinese shipyards warned of looming overcapacity
by
Hui Ching-hoo, Hong Kong
—
last modified
Aug 13, 2010 04:21 PM
CHINA’S Policy Planning Office, the government’s economic think tank, has warned that Chinese shipyards face a threat of overcapacity in two to three years if new orders continue to decline.
Policy Planning Office vice director Zheng Xinli told local press that the country’s shipyards saw a marked shrinkage in new orders in the second half this year.
This, together with delay in deliveries for many shipowners, would result in serious...
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