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Last Updated : Tue 18-Jun-2013 01:36 HKSAR (GMT +08:00)
Shipyards slash prices to stay afloat - report
2012-06-01 00:01:00

SINGAPORE, June 1 (GCTL) - Chinese shipyards are offering to sell vessels at discounts of more than 20 per cent as builders look to protect market share from higher quality Asian rivals and stay afloat amid a wave of consolidation, industry sources said.

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Category : Maritime Greater China   Asia Pacific News  

Tags : shipyards, freight, Jinhai Heavy Industry, economic growth, oversupply of ships,

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