Shipyards Report Fewer Cancellations

December 9th, 2010
in News, Background

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.

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