Consolidation is set to continue in the shipbuilding industry with the potential merger of Mitsui E&S and Tsuneishi adding to over 100 mergers or acquisitions in the sector since the start of 2018. Weakening demand has been a major driver as well as the need to build bigger vessels and improve environmental technology. The downturn can be seen in new orders for vessels in China which fell by 53.8% year over year in June, leaving remaining orders at their lowest since at least 2013. While exports of new vessels from China and Japan rose in June the month-to-month data can be volatile. Exp...
Supply Chain Research
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