Coronavirus is delivering a severe shock to the US supply chain, as the latest figures for Long Beach and LA show, while China is on course to strengthen its position as the world’s biggest shipbuilder

Executive chairman says he will take an advisory role after stepping down from the helm while letting the younger generation management take on more responsibilities

Shipping has three key challenges, says Matthieu de Tugny: volatile markets, regulatory compliance, and technological change. Class can be a partner in solving all three

Even with a slowdown in deliveries, a frozen demo market and backed-up scrubber retrofits are pushing up idle fleet capacity

Shipbuilding output is still on course to rise in 2020, based on estimates from Lloyd’s List Intelligence, with China expected to increase its share of the total world dwt delivered

BP’s bid to invoke coronavirus to back its force majeure claim has set alarm bells ringing over the sanctity of Golar LNG’s standing contracts

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