Order at Daewoo Shipbuilding & Marine Engineering will join fleet of ultra large boxships. Brokers indicate they will be scrubber-fitted 23,000 teu units

Fate of proposed new 2.8m teu box terminal extension still hangs in balance

Delivery of the two vessels, worth $405m, is scheduled for 2023 but no details of the charter contract were disclosed

On the Asia-northern Europe trade, average capacity has increased to more than 16,000 teu and will likely rise to closer to 17,000 teu in 2020, with the roll-out of more 23,000 teu ships over the course of the next year, according to Alphaliner

Industry discipline and reduced ordering could provide a golden opportunity to meet IMO 2050 demands

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

The tightening shipping emission rules have created additional demand for the shipbuilding industry, including the Chinese yards, highlighted by the recent partnership between DSIC and DNV GL to develop LNG-fuelled 23,000 teu ships

The plan will hit a nerve of many foreign shipping players

Debt-to-equity swap investors albeit state-backed will need to withdraw properly

Capesizes and very large crude carriers lead the way as investors adopt risk-averse approach