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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.
UK International Trade Secretary claims Europe could become less competitive in a global context
Shipyard overcapacity, the risks around new technology, abundant capital, and digital disruption among BW Group chairman's main concerns
To induce more paper trading, Baltic Exchange plans to launch two per-tonne indices for Chinese grain imports
Digitalisation of the vessel registration process, a Singapore-based surveyor, and greater customer choice all aimed at expanding size of UK-flag fleet
From the Business Briefing
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Lloyd’s List Business Briefing speakers advise that careful preparation is the best way to mitigate expected risks
Industry put on watch for huge headaches over availability of right grades in right ports
ExxonMobil sees supply disruptions no matter what option owners and operators take to cut sulphur emissions
Latest From LISW
Attacks on Saudi Arabian oil facilities follow an economic battle between presidents Trump and Xi, climate change, populism and digitalisation: all seem to be pushing shipping towards greater collaboration
London International Shipping Week was dominated by discussions about the acceleration in the climate change agenda and how the shipping industry must deal with the ever-increasing spotlight on sanctions
BIMCO president Sadan Kaptanoglu and a panel of industry figures in London discussed how the industry can move from diversity talk to action
The agenda during London International Shipping Week made clear that the generational shift required to survive the disruptive headwinds blowing in would be less an adjustment, more a wholesale reinvention of business models
The Lloyd’s List team have squeezed into their finest formal attire, popped a cork and gathered round the microphone to give you a prosecco-fuelled reflection on the blur that was London International Shipping Week. From zero carbon politics and 2050 targets to training and of course Brexit — we’re not short of an opinion or five on the biggest issues of the day. Consider this the digestif after the full fiver course tasting menu we’ve been serving you up all week in audio form.
As we near the final mile of the London International Shipping Week marathon, we join two of the race leaders to reflect on the major themes of the week’s debate, including: political backing for shipping, financing the fourth industrial revolution and the benefit of robust debate, along with a little hirsute finance leadership. Joining Lloyd’s List Editor Richard Meade from the LISW conference today are Harry Theochari, global head of transport at law firm Norton Rose Fulbright and chair of Maritime UK, and Michael Parker, chairman of Citi’s shipping and logistics business.
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