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Rising to the offshore challenge

Shipowners are opting more for quality and durability in the building of their vessels than cost, reports MALMINDERJIT SINGH

CHINA is slowly losing its competitiveness as a low-cost shipbuilding destination for the offshore and marine industry. Moreover, with serious shipowners opting for quality over price, Chinese shipyards are likely to up their game as they can no longer compete on price alone. "The Chinese yuan

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