1 “...The past two decades have seen steady growth in global ship deliveries by countries...”

2 “..., the share of these economies in global ship deliveries has been increasingly driven by the rapid growth...”

3 “.... Given the fact that the maritime industry is highly capital intensive, and with the 2008 Global...”

4 “...) of the global shipbuilding market...”

5 “... occupy a significant share in global ship completions, but are likely to operate with lower profitability...”