Box ship building in China hits new heights with 68.5% of global orders
China has become the undisputed front-runner in containership building, with an orderbook, extending to 2030, ...
© Khunaspix Dreamstime.
Doesn’t look like 2015 is going to be a very good year for China. Today, The Loadstar reports that industrial output this is year is set to be at its lowest level for a very long time, while in western markets of Europe and the US, the near-shoring trend is gaining momentum. Rising wages, energy and land costs and all conspiring, and it is now cheaper to manufacture goods in Mexico, India, Russia, Romania and Vietnam.
Comment on this article