ShippingWatch

Chinese yards shut down one after the other

140 yards have shut down since 2010 in the world's second largest shipbuilding nation - and this development is expected to continue as a result of reforms in the Chinese economy and dark days for the dry bulk segment.

Photo: Stena Bulk

The dry bulk crisis and China's transition from a manufacturing economy to a service economy are listed as explanations for the country shutting down up to 140 yards in recent years, reports Bloomberg News.

On the one hand, there is the decline in commodity imports to China. The sliding demand for iron ore, for instance, makes its mark on the demand for dry bulk vessels, which have been China's largest export hit.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

HMM doubled revenue in Q1

South Korean container line HMM follows the trend of European competitors, which have already presented their first-quarter financials. Revenue doubled in a significant surge.

Further reading

Related articles

Latest news

See all jobs