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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

CSSC unit plans $830m injection as Beijing demands cuts to public sector debt

The move follows CSIC’s $3.3bn debt-to-equity swap launched in August

Asia Pacific Finance

Ballast water treatment crunch time forecast

Shipowners are expected to begin placing orders for hundreds of systems in 2018

Ship repair Shipbuilding

Hyundai Mipo Dockyard offloads 85% stake in securities firm for $409m

Move comes amid parent Hyundai Heavy Industries' reorganisation of the group's units

Asia Pacific South Korea

Yang Ming denies 20-ship order, but mulls fleet renewal plan

Company spokesman says all plans are still in the initial stage 

Asia Pacific Containers

Overtonnage to depress tanker rates over 2018, says Fitch

Tanker rates not likely to receive substantial boost from expected rise in global oil demand if vessel supply continues to grow

International Tankers and Gas

GTT wins orders to design LNG tanks for Dynagas FSRU pair

 Vessels scheduled to be delivered in 2021

Europe Asia Pacific

CSSC sells $1bn offshore newbuilds to equity fund

Market observers express concern over scheme to sell undeliverable jack-up rigs and OSVs to an affiliated asset management company

Asia Pacific Offshore

HHI reshuffles top management

Shipbuilder's chairman and vice chairman will take different roles within the group, while president and chief executive Kang Hwan-goo will continue to lead the firm

Asia Pacific South Korea

Prestige driving ultra large containership orders

Being the biggest carrier is outweighing economic sense in boxship spree, says Drewry

International CMA CGM
See All