Shipbuilding orders to slump 60%

Sandra Tsui in Hong Kong - Tuesday 10 February 2009

THE world’s new shipbuilding orders are forecast to fall by at least 60% this year, and by half in China, said the China Association of the National Shipbuilding Industry.

A research report issued by CANSI last Friday said that new shipbuilding orders around the world would amount to between 40m dwt and 60m dwt in 2009, compared to 154.4m ...

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