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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
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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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Logic confirms there are still too many shipyards in the world, scratching around for a living is a world where demand is hugely cyclical, desperately penetrated by politics, with even the world’s biggest finding themselves struggling
Even with this latest order however, DSME has only met 36% of its orderbook target for 2019 so far
The brokerage’s research team says that vessels taken offline for scrubber installations should reduce fleet growth by 1% on average through this year
The assets disposed of include Ouhua’s shipbuilding facilities on Xiaoqian Island in Zhoushan and eight vessels under construction
Chairman Ren Yuanlin’s possible return to the helm is hugely important for Yangzijiang, which is pinning its hopes on a big turnaround in the second half to hit its full-year new order target. The return of the business maestro would inspire confidence that it is heading in the right direction
The first of two 7,500 cu m LNG bunkering capable tankers ordered from Keppel Singmarine was launched at Keppel Nantong in late July and both units were previously scheduled for delivery in the second and third quarters of this year
MSC says larger containerships help it meet its environmental commitments and lower carbon emission per teu
The yard group has also signed a Memorandum of Understanding with MAN-ES to collaborate on remote engine diagnosis and control systems
Shipyard and engineering firm seeks buyer as workers’ temporary layoffs extended
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