According to an article published in Seatrade-Maritime News, a significant drop in newbuilding orders across the three conventional merchant ship types is an obvious signal of recovery for the shipping industry, according to China Shipbuilding Industry Research Center (CSIRC).
Achieving supply-demand balanceLiu Ersen, senior analyst and offshore market research director at CSIRC, considered that a supply-demand balance has been reached for the once oversupplied shipping market – albeit a...
http://mfame.guru/cssc-research-shows-signs-of-recovery-in-newbuild-orders/