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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

Torm starts venture with GSI and ME Production for scrubbers

The Danish tanker owner could spend almost $80m on scrubber installations ahead of the 2020 sulphur cap

Tankers and Gas Fuels

Give credit where it's due on ship recycling

Instead of using the European List as a carrot to induce yards in South Asia to improve their safety and environmental standards, the European Commission has been sitting on the fence

Europe Asia Pacific

World boxship fleet update: Deliveries slide into new year

A slowdown in orders in October will not offset the large number of ships still on the orderbook for the year ahead

International Containers

Japan takes South Korea to the WTO over shipbuilding subsidy spat

Case documents claim Korean banks have collectively propped up ailing yards, providing more than $10bn to DSME alone since 2015

Japan South Korea

JES confirms shipbuilding closure

JES says the judicial managers of its shipbuilding business have failed to submit a draft revival plan on time

Asia Pacific Singapore

Leading Korean yards struggle in third quarter

HHI and SHI have reported a three-month net loss of about $42m and $74m, respectively, in the third quarter

Asia Pacific South Korea

EU scrapping regulation could spur wholesale change

The EU will introduce its new ship recycling safety and environmental standards from the start of 2019

Europe Asia Pacific

Posco denies reports of DSME interest

Posco formed a consortium with GS Group in 2008 to acquire a 50.4% stake in then struggling DSME, but the attempt fell through after its partner pulled out

Asia Pacific Tankers and Gas

Virgin Voyages orders fourth ship from Fincantieri

Virgin Voyages’ new ship follows three identical vessels already on order

International Italy
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