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12 Jan
04:30

Chinese shipbuilding completions grow 21% in 2017

China’s shipbuilding completions and new orders grew in 2017 although order books weakened from 2016, according to data announced by the Ministry of Industry & Information Technology. The Metallurgical Industry Planning and Research Institute has predicted growth in shipbuilding steel demand could slowm this year to 3.6%. China completed 42.68 million deadweight tonnes of ship in 2017, up 20.9% year-on-year. That implies around 14.75mt of finished…
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