Asian yards prepare for fresh beating in 2016
The Asian shipyards are preparing for yet another tough season which could allegedly become even worse than the recently concluded year 2015, reports Bloomberg. There is not exactly a plethora of orders for offshore projects in light of the low oil price and the lack of growth in China, a factor that has also halted the ordering of new ships by the three major carriers in South Korea, whose, shares tumbled down in 2015 for the second consecutive year.
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