China: Newbuild orders slow again

Chinese shipyards received a total of 2.2 million DWT of newbuild orders in October 2009, according to the Chinese Ministry of Industry and Information Technology. This was a decline of 63 percent compared with the 5.9 million DWT ordered in September. The total orderbook at the end of October was 189.6 million DWT, down eight percent compared to the earlier months of 2009.