China shipyards slash prices to survive-industry

Newswire

* China offers discounts of more than 20 pct for ships * China shipyards struggle to survive through downturn * Japan, S.Korea offer better quality vessels By Randy Fabi SINGAPORE, May 31 (Reuters) - Chinese shipyards are offering to sell vessels at discounts of more than 20 percent as builders look to protect market share from higher quality Asian rivals and stay afloat amid a wave of consolidation, industry sources said. Rock bottom freight rates, slowing economic growth and an oversupply ...

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