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Price differential favours Chinese yards over Koreans: Clarkson

London: Chinese shipyards continue to dominate the newbuilding market - and with a now significant pricing spread having been established between Korea and China - this dynamic looks unlikely to waver for the remainder of this year said a Clarksons report this week. "This is not to say that Korea has become dormant by any means - and we are now seeing the Korean yards pushing the box ship story quite aggressively, with consistent reports of both fresh enquiry and new business being concluded. With the broader model of the containership sector now evolving against the collapse of the KG's - we may well see some further orders placed on a more speculative basis before the year end, with owners that had traditionally veered away from box ships now becoming increasingly interested against strong potential for further trade growth and increased demand" said the report.  [29/10/10]

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