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CANSI: China's Jan-Aug new ship orders fall 43% YoY

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During August alone, China's shipyards won brand-new ship orders completing 2.3 million DWT, down 28.5% on month or 40.1% lower on year, the CANSI data revealed. On the other hand, the nation's shipbuilders finished vessels equal to 23.9 million DWT over the first 8 months, down 8.9% on year, amongst which 86.6% were for

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Chinese shipbuilders received new vessel orders totalling 28.1 million deadweight tons (DWT) over January-August, or some 42.9% lower on year, with 90.4% of the total new orders being for export, according to new data released by the China Associatio...

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