China's shipbuilders faced with great difficulties
China's fledgling shipbuilding industry is set for more hard times as industry insiders have indicated that the global shipbuild-ing industry is unlikely to recover in the near future. New ship-building orders received by China in the first quarter of this year fell 98.3 percent year-on-year to 0.i9 million deadweight tons(dwt),according to Clarkson Research Service. In the first quarter, new orders have fallen by 97 percent to 1.33 million dwt worldwide.
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