Supply Chain Research

Chinese shipbuilding is ending the year on a rising note, with new orders of 3.18 million dryweight tons (mdwt), representing a 59% sequential rise in new orders in the past three months. The export order book in particular has increased for four straight months, though is still 52% below its peak. Competition will be tough in 2018, with industry profitability improving and capital increases strengthening the South Korean builders. While Chinese deliveries have improved in volume terms with a 44% rise on a year earlier, the value of exports has declined due to prior price competition. Le...