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13 Apr
06:31

Chinese shipbuilding activity sinks further in March

Chinese shipbuilding output collapsed in March, according to an announcement from the Ministry of Industry & Information Technology (MIIT). The data suggest March saw the slowest rate of completion since August 2018 and the slowest rate in March since 2008, Kallanish notes. China completed 8.53 million deadweight tonnes of ships in the first three months of the year, down by -45.9% year-on-year based on China Association of the National Shipbuilding Industry…
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