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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 four 64,000 gt luxury cruiseships will be delivered to MSC between 2023 and 2026
The first pair was originally placed with Daehan by Norwegian company Faerder Tankers before being purchased by the Angelicoussis Group.
Meanwhile, a lot of progress has been made on the disposal of the Long Beach Container Terminal, Fitzgerald tells Lloyd’s List on the sidelines of a shipping conference
News that South Korea’s HHI has reached agreement to take over rival DSME should remind us that shipping is becoming more consolidated. Even so, there is still room for new entrants.
Huarong says the arrangements will allow it to alleviate its financial burden and focus on its oil production business
The deal is the second of three options to build similar rigs that Awilco Drilling signed in 2018 which will come due at yearly intervals
Deal has to be approved by competition authorities in other shipbuilding nations, with the results of the process expected by the end of this year
The leverage ratio that CMA CGM gets from the lessors is said to be close to 90%, which is part of the reason that puts off other competition lenders
Designers, yards and brokers have until March 29 to pitch for design of vessels estimated to cost close to $40m each
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