Carriers look to short-term gains over blanking, as Red Sea crisis props up rates
With the Red Sea crisis continuing to artificially prop up container spot rates, carriers have ...
© Khunaspix Dreamstime.
The combined profits of 80 major shipbuilders monitored by the Chinese Association of the National Shipbuilding Industry nose-dived by 53.6% in the first half of the year to Rmb3.58 billion (US$584.1 million), while business revenues plunged 18.5% to Rmb120.3 billion ($19.66 billion). In response the State Council has issued a support plan aimed at keeping the shipbuilding sector afloat.
Comment on this article