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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
Damen to transfer 2% stake in the shipyard to state-owned firm 2 Mai Mangalia in return for the acquisition to go through
Last 12 months have seen a slight rise in Greeks’ share of world fleet
With the raising of the Bayonne Bridge, the Panama Canal widening and dredging programmes at US east coast ports, vessels of 10,000 teu-15,000 teu can call at more terminals than ever before
New vessels and loops bring major shake-up to east-west and north-south trades, pointing to downwards pressure on rates or numerous blank sailings
Company to work with local partner in drydock planning and management, scrubber retrofit project management and ballast water treatment project management
SWS and CMB Financial Leasing underline importance of Greek custom to their plans
South Korean shipbuilder expects up to 500 production employees to resign voluntarily
The narrowing gap between older tonnage and scrap values might lead to further scrapping
Joint venture will initially invest $30m on acquiring three multipurpose vessels, comprised of one secondhand and two newbuilds
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