57 Chinese yards delivering no ships

Chinese orderbooks are experiencing general improvements, though far from all the shipyards are benefiting from the orders. 57 yards haven't delivered a single ship since 2011, according to a survey.

Photo: Hempel

In spite of a total growth in orders at the Chinese shipyards, many of the shipbuilders are kept out in the cold when newbuilding orders are handed out.

During the good years from 2003 to 2008, new shipyards were established all over the world, and analysts Fearnley counted 128 yards in China. While the big, state-owned yards are currently experiencing a growth in orders following 2012, a slow year, many of the recently established yards are fighting to survive, writes Reuters.

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