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Japanese Foreign Order Down 29%

Maritime Activity Reports, Inc.

December 16, 1999

Japanese shipyards received foreign orders for 23 vessels totaling 687,650 grt in November, down 28.9 percent from a year before, the Japan Ship Exporters' Association said. Of the 23 ships ordered, 18 bulk carriers, three are oil tankers, one is a freighters and one is classifed as "other."

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