Shanghai: China’s biggest shipbuilding province, Jiangsu, is facing great pressure from limited newbuilding orders. “Based on the current production situation, if we don’t have enough new orders, the shipyards’ production can only sustain for two years, some of the middle and small-sized shipyards will be closed,” Jiangsu Economic and Information Technology Commission warned yesterday.
Among the 66 monitored shipbuilding companies in Jiangsu, only 23 shipyards received new orders in the first half. [13/07/18]
