CITIC Machinery's weekly shipbuilding update reports newbuild prices up for a seventh straight month, secondhand prices at record highs, and 2026 Q1-Q3 orders at their highest since 2007. The broker reiterates a bullish stance on the sector, naming Songfa, CSSC, CIMC and China Power as top picks.
CITIC Machinery sees the shipbuilding and offshore cycle running past 2030 and recommends positioning in Chinese yards now.
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