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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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Titan LNG’s third bunker barge ‘will be ideal for servicing larger tankers, cruise, container and offshore vessels’, says chief technical officer Ronald van Selm
Two exercised optional vessels will be delivered in May and September 2022
Idle fleet hits new highs as ships return to yards for scrubbers, but supply still outweighs demand
Newly unveiled design comes despite scepticism about whether the size of the current largest boxship of 23,000 teu class should increase further
Chinese shipbuilding content is an expected feature of bilateral ethanol and LNG trade talks
Jean Boustani, a salesman for Privinvest, an Abu Dhabi-based shipbuilder, was acquitted of three counts of conspiracy to commit fraud and money laundering
The two parties will explore the use of blockchain and digital technologies. They will evaluate various clean energy sources and draw up ideas for their certification
Some local industry observers have interpreted the capital tie-up as ‘a bailout of the JMU’ by Imabari
While the shipbuilding market continues to foresee weakness, group chief executive Leong Seng Keat is much more upbeat about the chartering segment and the potential for work from offshore platforms
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