Shipbuilding’s Still Sinking at Start of 2019 — Panjiva
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Shipbuilding’s Still Sinking at Start of 2019

China 1793 Industrials - Capital Goods 271 Japan 386 South Korea 388 Theme - Shipbuilding 79

The global shipbuilding industry has had a weak start to 2019. New vessel orders in China have slumped 70.4% year over year in 1Q. Meanwhile the remaining orderbook at Chinese yards fell to its lowest since Nov. 2017 at the end of March. The three largest export markets – China, Japan and South Korea – saw improving exports in the month of March with an aggregate 20.1% increase, though that didn’t prevent a 13.4% drop for the quarter as a whole. The latter was led by a 23.6% slump in exports from South Korea, underscoring the need for the consolidation in the industry. ...

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