Chinese vessel deliveries fuel global overcapacity

Chinese vessel deliveries fuel global overcapacity

Despite a global economic slowdown, 509 vessels of more than 10,000 gt were delivered from January to December 2015 by Chinese yards alone, according to IHS Maritime & Trade. Bulk carriers make up the lion's share with a combined gross tonnage of 13,565,128 across 331 vessels. Container ships came second with 5,178,912 gt, followed by tankers with 3,377,212.