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European shipyards soar on orders in 2016

Orders for European shipbuilders increased more than 45 percent in the first eight months of 2016, while Asian yards are hit hard by the lowest number of newbuilding orders in 20 years, notes Bimco.

European ports are losing ground

While the Chinese ports noted growth in the second quarter of 2016, ports in Europe, South Korea, and the US were hit with setbacks, according to Shanghai International Shipping Institute, which lists the ten largest ports in the world.

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