China yards in huge boost
CHINA Association of the National Shipbuilding Industry (CANSI) said the volume of new orders China’s shipyards bagged in the first two months of this year soared 770% year on year to 5.7m dwt from 660,000 dwt in the same period last year.
Despite the new order spike, the association said the shipbuilding industry had not returned to normal levels as completion volumes significantly exceeded new order volumes.
In the first two months of 2010, completion volume at China’s shipyards increased 168.4% year...
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