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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.


No more finance for foreign-yard newbuilds, China's leasing houses told

Move might take a toll on South Korean shipbuilders that have yet to recover from the financial woe

Asia Pacific Containers Dry Bulk

Weak newbuilding recovery fails to lift yard sentiment

Activity in main shipping sectors still at a historically low level

Asia Pacific China South Korea

Yard Talk | LNG may be a saviour for Korean and Singaporean players

Booming global LNG trades to bring business opportunities in building tankers and offshore units

South Korea Singapore Shipbuilding

DSME looks to compete with Chinese rivals on technical expertise

South Korean yards being challenged by Chinese builders backed by government financing

Asia Pacific South Korea China

Class takes on shipbuilding balancing act

Regulations, digitalisation and weak markets will mean even greater dependency on class

Classification Shipbuilding International

Building up their arsenals

Is Cosco poised to challenge European lines’ dominance of container shipping?


Shipbreakers brace for regulatory upheaval

Termination of Beijing’s scrap-and-build scheme could prompt Chinese owners and scrapyards to interact more with international markets 

Asia Pacific India Bangladesh

Shipping’s ‘health-ometer’

A spotlight on shipyards shows China’s influence continues to be felt

Shipbuilding Ship Recycling China

Korean bank struggles to get money back from shipping and yards

About 75% of the Export-Import Bank of Korea’s non-performing loans come from shipping and shipbuilding firms 

Asia Pacific South Korea DSME

Grimaldi brothers raise the bar in clean ship technologies

Italian group leading by example with investments in a new class of ultra-clean ro-ro ferries

Europe Italy Containers

Is the EU Ship Recycling Regulation a lame duck?

Twenty-two non-European shipyards are fighting for the EU’s good graces, none of which are expected to make the list before the end of this year

Asia Pacific Europe India

Latest From Shipbuilding & Ship Recycling

Eastern Pacific and Equinor line up dual-fuel LPG trio

The alignment of green case credentials was enough to tempt Eastern Pacific away from its usual spot focus

Singapore Norway

Neda clinches LR2 order at Daehan

Neda has incorporated improved cargo handling features and cargo flexibility into the vessel specification

Europe Greece

CSSC Shipping wins bank support for feeder newbuilds

The 10-year loans are signed against 12-year bareboat charters for the vessels, which will be delivered in 2021  

Asia Pacific Containers

Pistiolis orders first VLCCs at HHI

TOP Ships has recently diversified its tanker fleet with two suezmax crude carriers delivered last year

South Korea International

Tankers monopolise waning Greek newbuild interest

The latest uptick in shipbuilding activity began in early May with a contract from CM Lemos for two firm suezmaxes at Hyundai Heavy Industries. The long-established blue-chip Neda Maritime is said to be poised to order up to two LR2 product tankers

International Greece

Yard Talk | A bet on a nation’s fortune

The merger of China’s two largest state shipbuilding groups has gained the combined entity more weight in the eyes of Beijing’s policymakers, enabling it to win more support from state-owned shipowners and leasing houses amid the market downturn

Asia Pacific Containers

HHI wins $178m twin VLCC order

Hyundai’s last order was a pair of suezmaxes ordered at the beginning of May, also by an undisclosed European owner

Tankers and Gas VLCC

China Merchants orders two eco VLCCs at DSIC

Deal follows a contract for four VLCC newbuildings signed separately between the two parties in November

China Tankers and Gas

DSME posts 24% first quarter gain on one-offs despite sales drop

Weaker prospects may be ahead for Daewoo Shipbuilding & Marine Engineering as turnover fell 5.5% to Won1.95trn

South Korea Shipbuilding
See All