Dry bulk shipowner Mark Young of Cetus Maritime believes China’s shipbuilding industry will continue to thrive despite the US’s threat of taxing Chinese-built ships amidst plans to revive the US shipbuilding industry.
Young, at the Thursday TradeWinds Shipowners Forum held in Shanghai, said a “US friendly market or US unfriendly market will not kill China’s shipbuilding industry”.
“Japan and South Korea’s shipbuilding industry may benefit in the short term, but they will not be a threat to China.
