Chinese Shipyards See New Orders Fall by Almost Half in 2015Bloomberg News
Country's top 10 shipyards accounted for 71% of new orders
Excess capacity, declining demand for raw materials to blame
New orders received by Chinese shipbuilders fell by nearly half last year from 2014, suggesting more consolidation is in order as the country’s appetite for raw materials wanes and shipping rates languish at multiyear lows.
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