Tag: Japan: Ship orders dip 59% y-o-y in Aug but steel demand firm

In August, Japan’s new ship orders from both home and abroad declined by 59.1% on year to 496,800 gross tonnes (GT) or in 15 vessels, according to the latest data released by Japan Ship Exporters’ Association (JSEA) on September 14. A JSEA official attributed the on-year decline partially to the high base a year ago,…