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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
Latest From Shipbuilding & Ship Recycling
New European bank credit facility secures delivery of Cargill-linked tanker as Greek owner pursues further orderbook funding
What the EU seems to ignore is the work that is being done in the principal recycling yards to comply with the requirements of the Hong Kong Convention
The vessels will be delivered to the Liberia-based company by the end of March 2020
Hong Kong Convention compliant scrapyards in Alang, India, cannot fill the yard space as owners are not interested in green recycling, says GMS
ULCs accounted for 31% of deployed containership capacity in the second quarter of 2018
New York-listed owner books two product carriers with scrubbers at Hyundai Mipo Dockyard for $75m
The vessels are to be delivered by the end of June 2021
All workers on board were rescued with no injuries reported
Rising raw material costs pushing up steel plate prices, Korean steelmaker says
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