Shipbuilding overcapacity overestimated: trade group
Sep 07, 2012 | 09:44 AM
SHANGHAI, China Chinas surplus of shipbuilding capacity has probably been overestimated, the countrys association for the shipbuilding industry said.
It attributed this to some small and medium-sized shipbuilders having already been phased out.
Production of ships ordered before the financial crisis has contributed to shipping overcapacity, reducing freight rates while global trade remains lower than expected.....
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