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
A spotlight on shipyards shows China’s influence continues to be felt
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
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
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The week in charts: Tanker scrapping flatters to deceive | Box data highlights pandemic pain | Suez stoppage shoots up freight rates
Tanker demolition numbers through the first quarter did little to raise hopes of reducing oversupply weighing on rates, while the latest official container volume data lays bare the initial impact of coronavirus on the industry
Small-scale ships capable of multi-tasking stand to benefit from better utilisation as LNG demand, which is tied to power generation, tends to be seasonal. While the commodity still needs time to gain enough clout as a marine fuel
Central Group, Latsco Shipping, Maran Tankers, Athenian Sea Carriers, Capital Maritime, Navios and Samos Steamship are among the Greek owners that have arranged to get their hands on new VLCCs as prices seem headed higher and building slots dry up
Pressure is growing for more ambitious decarbonisation targets. Efficiency looks doable, and there are other, smaller ways shipping can better measure and reduce its emissions. But the bigger goal of future fuels looks vexing as ever
Its newbuilding will join a chartered-in vessel from Korea Line
Higher scrapping was expected to help cut the oversupply of tankers weighing on rates
The Idan Ofer-owned company continues with its order spree and the latest deal brings the total number of newbuild orders for the shipowner to 47 ships worth $4.7bn
These are the first LNG-fuelled bulk carriers the state-owned shipowner will deploy for trades in the Pearl River Delta area
A ship’s operating profile is the best guide to which technology is most suitable. However, considerations such as charterer’s expectation and commercial objectives play a significant part
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