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Shipbuilding and Scrapping
Industry-watchers like to use a number of metrics to gauge the health of shipping. The Baltic Dry Index is one; the world idle fleet another. Here we take a look at another indicator: the orderbook – or, more precisely, shipyards, which are in the frontline of any improvements or declines in industry health. Shipyards are in a precarious position. A strong orderbook should be good for business; more ships mean more work. But too many orders can tip the fleet balance into a glut and, as we have seen for the past seven years at least, that can lead to a prolonged curtailment of orders. It is a vicious cycle that gets repeated again and again.
Move might take a toll on South Korean shipbuilders that have yet to recover from the financial woe
Activity in main shipping sectors still at a historically low level
Booming global LNG trades to bring business opportunities in building tankers and offshore units
South Korean yards being challenged by Chinese builders backed by government financing
Regulations, digitalisation and weak markets will mean even greater dependency on class
Is Cosco poised to challenge European lines’ dominance of container shipping?
Termination of Beijing’s scrap-and-build scheme could prompt Chinese owners and scrapyards to interact more with international markets
About 75% of the Export-Import Bank of Korea’s non-performing loans come from shipping and shipbuilding firms
Italian group leading by example with investments in a new class of ultra-clean ro-ro ferries
Latest From Shipbuilding & Ship Recycling
The move follows CSIC’s $3.3bn debt-to-equity swap launched in August
Shipowners are expected to begin placing orders for hundreds of systems in 2018
Move comes amid parent Hyundai Heavy Industries' reorganisation of the group's units
Company spokesman says all plans are still in the initial stage
Tanker rates not likely to receive substantial boost from expected rise in global oil demand if vessel supply continues to grow
Vessels scheduled to be delivered in 2021
Market observers express concern over scheme to sell undeliverable jack-up rigs and OSVs to an affiliated asset management company
Shipbuilder's chairman and vice chairman will take different roles within the group, while president and chief executive Kang Hwan-goo will continue to lead the firm
Being the biggest carrier is outweighing economic sense in boxship spree, says Drewry
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