Deutsche Bank: Painful consolidation awaits Asian shipyards

The three major countries in Asian shipyard industry, Japan, China, and Korea, will suffer even more in the years to come. The order books have almost halved in size, and that will lead to difficultyears for the shipyards, says Deutsche Bank.

Photo: Jyllands-Posten

“For the small shipyards in Korea, China, and Japan the painful industry restructuring that started in 2010 is expected to continue as shipyards struggle with lack of orders and tight financing,” writes analyst Sanjeev Rana, of Deutsche Bank, in an analysis of the Asian shipyard market.

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