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02 June 2020 The on-line newspaper devoted to the world of transports 10:47 GMT+2

March 25, 2014

China's ship breakers face another year of losses, says industry body

Singapore (Platts)

China's ship-breaking industry appears likely to repeat last year's financial losses in 2014 amid government plans to cap steel output, limited ferrous scrap demand, high purchase prices for obsolete vessels and a steady decline in domestic scrap prices, the China National Ship-recycling Association, or CANSI, told Platts Tuesday......
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