Independent journal on economy and transport policy
08:38 GMT+2
China's small shipyards may run aground in 2011
(Business Times - Malaysia)
November 22, 2010
Reuters
SINGAPORE: China's shipbuilding industry will see dozens of small shipyards go under or get taken over next year, as a choppy wave of consolidation rocks an oversupplied market.
Fuelled by vigorous government support and cheap labour, the number of shipyards has grown exponentially in the past decade in China, reflecting its role as the world's top exporter and one of the biggest buyers of foreign oil, iron ore and grains ...... Read more on Business Times - Malaysia
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