Chinese shipyards’ market share falls to 52% amid US port fees concerns, says Bimco
However, the shipping trade body notes that China is unlikely to be unseated from its leading position in the near future
[SINGAPORE] The market share of Chinese shipyards dropped by almost a third from January to June this year amid concerns about upcoming fees on Chinese ships entering US ports, shipping trade body Bimco said.
However, China is unlikely to be unseated from its leading position in the near future because of capacity constraint elsewhere as well as the small share of Chinese ships visiting the US, analysts said.
Bimco data published on Wednesday (Jul 16) showed that Chinese shipyards bagged 52 per cent of orders placed in the six months, lower than the 72 per cent market share they had enjoyed in July to December 2024.
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