Tuesday, January 24, 2017

Sign Of A Possible Global Downturn?

Shipbuilders see waning orders, profits

BEIJING - Affected by waning global market demand and excessive industry capacity, China's shipbuilders witnessed declining new orders and profits in 2016. The accomplished shipbuilding output in 2016 stood at 35.3 million deadweight metric tons (DWTs), representing a decline of 15.6 percent from 2015, said China Association of the National Shipbuilding Industry. Orders for new ships…