The global shipbuilding industry continues to struggle with exports from the three largest countries having fallen by 11% in May on a year earlier. That was down to a 67% slump in exports from South Korea having been only partly offset by an 88% surge from China. Hyundai MM’s recent orders will help South Korean yards going forward. China’s will struggle though after there was a net decline in new orders in May due to domestic order withdrawals (the first time since 2012 that has occured) leaving remaining orders at their lowest since December.
Supply Chain Research
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