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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 Danish tanker owner could spend almost $80m on scrubber installations ahead of the 2020 sulphur cap
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
A slowdown in orders in October will not offset the large number of ships still on the orderbook for the year ahead
Case documents claim Korean banks have collectively propped up ailing yards, providing more than $10bn to DSME alone since 2015
JES says the judicial managers of its shipbuilding business have failed to submit a draft revival plan on time
HHI and SHI have reported a three-month net loss of about $42m and $74m, respectively, in the third quarter
The EU will introduce its new ship recycling safety and environmental standards from the start of 2019
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
Virgin Voyages’ new ship follows three identical vessels already on order
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