Struggles facing shipbuilders this year have been laid bare in a new report by Banchero Costa.
Data from the shipbroker shows that Shanghai-Waigaoqiao Shipbuilding was the only yard to take its orders out of single figures across the dry cargo and tanker sectors in the first half of 2016.
Its 14 ship share of a vast Valemax contract meant it was comfortably the top performer in the bulker market, the brokerage says.
