(EnergyAsia, October 26, Monday) — Government support for Chinese and South Korean shipbuilders is having a negative impact on the global shipbuilding industry which is already reeling from slumping vessel prices and freight rates. Industry officials warn that the world’s two largest shipbuilding countries are disregarding weak market condition and are set to flood the…
ASIA: Government support to aggravate shipbuilding market woes
Posted on October 25, 2009 by EnergyAsia