Insight
Asia's shipyards: adapting to change
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Report summary
Hit by a lack of new orders and cost reduction efforts by operators and contractors, the Asian shipyard sector faced significant challenges in the downturn. Adapting to the changing nature of demand has been key. Chinese yards, which are proving themselves in both cost and lead time efficiency, continue to secure an increasing share of contracts, and are now seen as the go-to choice for standardised concepts.
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