Clay Says Increasing Labor Costs in the Chinese Shipbuilding Market Will Reduce the Worldwide Surplus of Tonnage.

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5/21/2018
In this 137th edition in the series, Clay discusses the Chinese shipbuilding industry and how the improving standard of living there will lead to shipyard labor demanding better salary and working conditions with the increased prominence of labor unions. This will increase the costs of shipbuilding in China, reducing the surplus of tonnage that has caused the recession hampering the maritime industry since 2008.
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The opinions expressed by Clay Maitland in the ‘Mondays with Maitland’ Video Series are the opinions of Clay Maitland and do not necessarily reflect the views of the staff and management of Maritime TV, or its parent network, TV Worldwide, Inc.
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