0719 GMT - Consolidation among Chinese shipbuilders is likely, with higher orders concentrated among top names like Yangzijiang Shipbuilding, the DBS Group Research team writes in a note. With Korean and Japanese yards likely to benefit from some demand moving toward non-Chinese built vessels, it will likely impact tier two Chinese yards, and driving orders to top tier shipbuilders, they write. The U.S. Trade Representative scaled back its initial proposals, resulting in more manageable port fees and easing some concerns on order cancellations or further orders at Chinese shipyards, they say. Yangzijiang, as one of the world's largest and most profitable shipbuilders, has a strong competitive advantage and balance sheet to survive the near-term uncertainties and structural shifts in U.S. policies, they add. (kimberley.kao@wsj.com)
(END) Dow Jones Newswires
April 21, 2025 03:19 ET (07:19 GMT)
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