Story perspectives
China Ships Ahead Amid Global Order Collapse
6/10/2025
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Story summary
- China continues to dominate the shipbuilding industry, even as global orders plummet by 55% in early 2025. Rising U.S. port fees and geopolitical tensions have stifled new orders, especially for bulk carriers. Meanwhile, South Korea and Japan are shifting their strategies to reclaim market share, as newbuilding prices and delivery times soar.
