Little Sign of Confidence as Shipbuilding Downturn Gathers Pace — Panjiva


Little Sign of Confidence as Shipbuilding Downturn Gathers Pace

China 1761 Japan 381 South Korea 383 Theme - Shipbuilding 79

The downturn in global shipbuilding that started in March has accelerated. Exports of completed vessels from China, Japan and South Korea fell 31% on a year earlier in September, led by a 55% slump in shipment from South Korea. As a result the past 12 months total has fallen to $4.6 billion, the lowest since at least 2009. There’s little prospect of a near-term turnaround given Chinese export orders in September were their lowest since October 2016, when Hanjin Shipping went into bankruptcy. Container-liner orders are unlikely to accelerate in the near-term given profits are still recove...

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