The weaker yen looks to have done little to stop the decline in newbuilding orders in Japan, latest trade figures show.

JSEA orders were down 40% month-on-month
February’s orders were down 40% compared to January according to the Japan Ship Exporters’ Association (JSEA).

Reported orders amounted to just 11 ships of a shade under 400,000gt versus the 13 ships of over 650,000-gt seen the previous month.

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