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Japanese export ship orders sank for the 13th
consecutive month in October on a year-on-year
basis, tumbling 37.3 percent to 358,300 gross
tons, according to figures released by the Japan
Ship Exporters' Association on Tuesday. But the
year-on-year pace of decline in October more
than halved from 75.5 percent in September and
was the slowest since the nation's export ship
orders suddenly started to plunge in October
last year due to the deep global economic
downturn triggered by the financial crisis that
erupted in the United States a month earlier.
In October, Japanese shipbuilders received
orders for five export ships -- three bulk
carriers totaling 92,100 gross tons, one general
cargo vessel of 105,900 gross tons and one oil
tanker of 160,300 gross tons. The five ships
total 141,140 compensated gross tons.
Since October last year, ship orders have
declined at least 63 percent each month, with
the steepest drop in November last year, when
orders fell off 91 percent from the prior year.
Japan is one of the world's top shipbuilding
nations along with South Korea and China.
Source: Journal of Commerce
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