Orders at Chinese yards down by half in 2015

Chinese yards had to dig deep for orders in 2015, a year in which the number of new orders for the industry was practically cut in half. Meanwhile, the gap between big yards and small yards has grown.

Photo: Hempel

2015 was painful for the Chinese yard industry, which experienced a dramatic decline in the number of orders.

According to the most recent data from the country's ministry of trade, the new orders plummeted by all of 47.9 percent down to 31.26 dwt, compared to the previous year, reports Seatrade Maritime.

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