Production at Chinese yards down 20 percent

In the first five months of the year, production at Chinese yards has dropped by one fifth, show industry numbers, according to Seatrade Maritime.

Photo: PR / Euronav

Chinese shipbuilders saw their production slide 20 percent in the first five months of the year, compared to the same period 2019, show numbers from the country's yard association, Cansi, according to Seatrade Maritime.

The coronavirus outbreak made shipyards halt work and shut down across the globe in an effort to reduce the risk of infection. And the shipping companies seem to be halting orders for new ships, and this has triggered setbacks for the three biggest yard indexes in China.

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