Tag: China’s new ship orders fall 38% on year during Jan-Nov

Chinese shipbuilders concluded new vessel orders totaling 39.6 million deadweight tons (DWT) over January-November, down by a substantial 37.8% on year, among which 89.5% of total new orders were for exports, according to the latest release by China Association of the National Shipbuilding Industry (CANSI) on Wednesday morning. For November alone, China’s shipyards won new…