Supply Chain Research

China’s shipyards saw a recovery in deliveries in July with a 1.1% rise in the tonnage of vessels exports shipped. Yet, remaining orders of 74.5 million dryweight tons are only a little above June’s two-year low. Additionally, the value of vessels exported declined by 25.7% year over year in July after a 30.0% slide in 2Q. Exports from South Korea also fell by a more modest 6.1% in July and by 13.2% in the past 12 months. That decline supports consolidation in the South Korean shipbuilding industry, a key part of which is the merger of South Korea’s Hyundai Heavy and Daewoo Shipbuilding....