CMA CGM Group’s 23,000 TEU LNG-powered container ship, Jacques Saade, is seen being built at the Shanghai Jiangnan-Changxing Shipyard in Shanghai. Photo: Handout

Outlook for global shipbuilding industry dismal as order books have halved and ‘touching historic lows’

Name: SCMP
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Data from shipping data provider Clarksons Research showed that the global order book for shipbuilders had fallen by 54 per cent by mid year
China has been encouraging consolidation among state-owned shipbuilders to reduce overcapacity and stem losses

Topic | Transport and logistics

Ryan Swift

Published: 9:30am, 10 Dec, 2019

Updated: 9:30am, 10 Dec, 2019

CMA CGM Group’s 23,000 TEU LNG-powered container ship, Jacques Saade, is seen being built at the Shanghai Jiangnan-Changxing Shipyard in Shanghai. Photo: Handout

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Ryan Swift

Ryan Swift is a senior business reporter focused on wealth management, green business, the shipping industry and the gaming industry. He was chief editor of The Peak and Asia-Pacific Boating magazines.