But some builders are refusing to take loss-making deals, and brokers indicate a number of Chinese yards with decent orderbooks are simply refusing to quote on newbuildings.
“They are not keen to build loss-making projects and are waiting for the market to rebound,” said one broker.
Jiangsu-based New Century Shipbuilding, which has not taken any contracts so far this year, is one of the few yards steering clear of low-price deals.
“We
