Shipyards enjoy big rise in Q1
By Wang Ying in Shanghai | China Daily | Updated: 2013-04-24 05:31
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A ship build by Tianjin Xingang Shipbuilding Heavy Industry Co Ltd for a German company in 2012. China's shipbuilders got 9.57 million deadweight tonnage of new orders in the first quarter. Yue Yuewei / Xinhua |
The nation's shipbuilders received 9.57 million deadweight tonnage of new orders in the first quarter of the year, a 71.1 percent surge on last year, but analysts still expect vessel prices to remain low because of newly added capacity.
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