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’

  • 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

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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

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.