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
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
Business /  China Business

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

Ryan Swift
Ryan Swift

Updated: 9:30am, 10 Dec, 2019

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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
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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