Seatrade Asia Week, a shipping industry trade group, reported last Friday that as 2010 fades from view so too does the word cancellation, which increasingly seems to have disappeared from the shipping lexicon. Chinese yards suffered the most from the fallout from the global financial crisis yet latest statistics from the China Association of the National Shipbuilding Industry (CANSI) suggest cancellations are on the wane. In some ways, this reflects the health of the industry is improving - and their outlook is improving.
Make a Comment
Econintersect wants your comments, data and opinion on the articles posted. As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting. We have joined with Livefyre to manage our comment streams.
To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.