Japanese Ship Orders Surge 162 Percent

After falling for 15 months in a row, Japanese export ship orders rose for the 13th consecutive month in December on a year-on-year basis, soaring 162.1 percent to 1,236,270 gross tons, according to figures released by the Japan Ship Exporters’ Association (JSEA) Tuesday.
The year-on-year pace of growth quickened for the first time in four months and was significantly higher than 29.9 percent in November.
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Source: The Journal of Commerce