Yard Talk | Why China is looking to China to support its shipping strategy
Six out of 10 newbuildings won by Chinese shipbuilders this year have been from compatriot owners — a level that been rarely reached in the past, but may well be surpassed in future
China has long sought to support the basic strategic goal of more Chinese cargo being carried by more Chinese ships, but never quite managed to pull it off. The shifting economic conditions, however, may well present the perfect opportunity to finally cement ‘guohuo guoyun’ as a reality and China’s shipyards will be reaping the rewards
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