Date
23 April 2018

China Shipbuilding’s Jan-Sep new orders up 150%, paper says

China Shipbuilding Industry Co., Ltd. (601989.CN) said Thursday that the value of new contracts signed in the nine months to September rose by 148.77 percent year on year to 89.195 billion yuan (US$14.57 billion), the China Securities Journal reported Wednesday. The company said the bulk of the new orders was for military-industrial purposes and the commercial maritime sector, with these orders growing eight-fold from last year, the report said.

– Contact HKEJ at [email protected]t.com

EL/AC/SK

 

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