Chinese yards brace for more newbuilding cancellations

Hui Ching-hoo, Hong Kong - Monday 11 May 2009

CHINA’s shipbuilders are bracing themselves for more newbuilding cancellations with more private yards expected to go to the wall.

Bao Zhangjin, a senior analyst at China State Shipbuilding Corp’s economic research center, said that the picture for the termination of newbuilding orders will further deteriorate during the coming 12 mo...

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