China's shipbuilding output dropped 15.3pc in the first five months.

Newly-received shipbuilding orders were 17.69m dwt, declining 46 percent year-on-year. Orders on hand were 102.2m dwt, an increase of 20.2 percent year-on-year. Shipbuilding export volume was 12.32m dwt, dropping 23.2 percent; newly-received export shipbuilding orders were 15.83m dwt, declining 46 percent; export orders on hand were 90.34m dwt, growing 19.2 percent, accounting for 86.3 percent, 89.5 percent and 88.4 percent of national volume respectively. The total shipbuilding...

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