Distress in core shipping markets cut Chinese newbuilding orders almost in half last year, according to official figures released today.
Chinese yards netted deals for ships of 31.3 million deadweight in 2015, a 34% share of the world market, according to figures from the Ministry of Industry and Information Technology cited by Bloomberg.
The deals were clustered among the leading yards, with the country’s top 10 shipbuilders winning 71% of new business, the Ministry said.
With
