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Latest From Shipbuilding
TOP Ships has recently diversified its tanker fleet with two suezmax crude carriers delivered last year
The latest uptick in shipbuilding activity began in early May with a contract from CM Lemos for two firm suezmaxes at Hyundai Heavy Industries. The long-established blue-chip Neda Maritime is said to be poised to order up to two LR2 product tankers
The merger of China’s two largest state shipbuilding groups has gained the combined entity more weight in the eyes of Beijing’s policymakers, enabling it to win more support from state-owned shipowners and leasing houses amid the market downturn
Hyundai’s last order was a pair of suezmaxes ordered at the beginning of May, also by an undisclosed European owner
Deal follows a contract for four VLCC newbuildings signed separately between the two parties in November
Weaker prospects may be ahead for Daewoo Shipbuilding & Marine Engineering as turnover fell 5.5% to Won1.95trn
Latest From Yard Talk
Ongoing Saudi strategy to flood the market with oil sees Bahri charter in another two VLCCs within five days
Demand for both LNG carrier and large containership newbuildings this year may fall short of expectations due to the coronavirus outbreaks
Japan is one of the five foreign jurisdictions whose anti-trust authorities can throw a spanner in the works of the HHI-DSME megamerger
Shipbuilding nations advocating market-based rules, such as Japan, have been disappointed by continuing government handouts from competitors, but the frustration is unlikely to go away anytime soon
South Korea and China have eaten away at the Japanese share of the shipbuilding market in recent years
While the number of active shipyards has shrunk significantly since 2009, hopefully the power of consolidation will truly revive the industry
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