Exports from shipyards in China, Japan and South Korea fell by 49% on a year earlier in July to $4.1 billion. That was driven by a 73% slump in South Korea from abnormally high levels in 2017. Exports from China climbed 43% while an increase in orders a month earlier suggests a further expansion is possible. Container-lines continue to prefer their local yards, shown most recently by Yang Ming’s 39.2k TEU order, with aggregate orders across the top 100 shippers remaining constant over the past year at 11% of installed capacity. A more rapid expansion in orders is being held back by the c...