Tag: M&A

In 2016, three major indicators of shipbuilding had a significant drop and profits of relevant enterprises slumped due to the lasting downturn of shipping industry. According to CRI, in 2016, national shipbuilding completion amount was 35.32 million DWTs, down by 15.6% YOY; new orders of ships were 21.07 million DWTs, down by 32.6% YOY; up to the end of Dec, 2016, handheld ship orders were 99.61 million DWTs, down by 19% YOY. From Jan to Nov, 2016, profits of shipbuilding industry enterprises above the nationwide scale are CNY 14.74 billion,…