Consolidation continues in the shipbuilding industry after the creation of China Shipbuilding Group from the country’s two largest shipyard operators, CSIC and CSSC. That follows a similar deal between South Korea’s Daewoo Shipbuilding and Hyundai Heavy. In the short-term the industry appears to be doing better. Combined exports from China, Japan and South Korea rose by 19.9% year over year in October after a 17.8% increase in 3Q. Looking ahead though, outstanding orders are low. In China new orders have fallen by 26.5% year over year in the 12 months to Oct. 31 with remai...