Output tumbled across the country, but a raft of new orders held promise for better times ahead, at least from a revenue perspective. The industry as a whole continued to take baby steps up the technology ladder, fulfilling the wishes of state planners who are eager to improve production quality and have the country's yards transition into a higher margin sector of the business. But, progress may not have been as quick as the policy-setting planners would have liked.
展开▼
