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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
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The newbuilds will be delivered from now through 2019, with the majority expected in the first quarter
The vessels, designed by Finland's Wärtsilä, will be game-changing, says Exmar's managing director of shipping
Petrofin Bank Research said another $10bn has been knocked off the portfolios of the top 40 banks over the past year.
Delivery from Daewoo Shipbuilding & Marine Engineering is due at the end of September, says MOL
The 54-year-old began his tenure in March 2016. Before that, he had been the deputy director of the No. 704 Institute since late 2003
Kremlin-backed deal will see Sovcomflot order the ships from the Russian yard project for Rosneft’s export programme
Price index has experienced 12 consecutive months of growth, driven by higher raw materials costs and better market sentiment in certain sectors
The unionised workers will set down their tools at Ulsan shipyard for four hours on Wednesday
The tightening shipping emission rules have created additional demand for the shipbuilding industry, including the Chinese yards, highlighted by the recent partnership between DSIC and DNV GL to develop LNG-fuelled 23,000 teu ships
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