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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 outbreak has no immediate impact on ground operations but discussion is under way to mitigate supply chain disruption, Sembmarine group chief executive, Wong Weng Sun said
Japan is one of the five foreign jurisdictions whose anti-trust authorities can throw a spanner in the works of the HHI-DSME megamerger
The wide-reaching impact of the coronavirus outbreak is now affecting developments in the active containership fleet as yards struggle to complete scrubber installations
Through 20 reference projects, Global Echo has disproved the need for drydock retrofitting, instead carrying out the work on the wharf in less than half the 40-day period associated with a drydock retrofit
The company’s fleet of seven bulkers was insulated against the worst effects of the rate downturn, at least for the fourth quarter of 2019, as several vessels were still on long-term charters fixed in prior periods
Market sentiment in Bangladesh and India remains volatile, but rates on offer are still between $370 per light displacement tonne to $400 per ldt
It is time for Chinese shipyards to review some of its long-term customers with the old saying that a friend in need is a friend indeed
The crude oil carrier owner will spend $280.5m on the very large crude carrier trio being constructed at DSME
Mr Hashim added that the current orderbook is, at best, replacement capacity and not additional capacity
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