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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
A spotlight on shipyards shows China’s influence continues to be felt
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
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
Latest From Shipbuilding & Ship Recycling
The alignment of green case credentials was enough to tempt Eastern Pacific away from its usual spot focus
Neda has incorporated improved cargo handling features and cargo flexibility into the vessel specification
The 10-year loans are signed against 12-year bareboat charters for the vessels, which will be delivered in 2021
TOP Ships has recently diversified its tanker fleet with two suezmax crude carriers delivered last year
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
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
Hyundai’s last order was a pair of suezmaxes ordered at the beginning of May, also by an undisclosed European owner
Deal follows a contract for four VLCC newbuildings signed separately between the two parties in November
Weaker prospects may be ahead for Daewoo Shipbuilding & Marine Engineering as turnover fell 5.5% to Won1.95trn
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