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Owners are returning to yards fuelled by improved freight market sentiment and low ship prices. However, shipyards must be vigilant about the repercussion of loss-making orders that could be amplified by continued weakening of the US dollar
The latest Lloyd’s List Intelligence Shipbuilding Outlook shows contracts for 2020 at historical lows, but prospects are much brighter for next year, amid hope that Covid-induced uncertainty will be lifted
After the overcapacity of the past decade, box shipping's supply and demand equation is coming back into balance, with lines now looking to go back to the yards to refresh their fleets
China has long sought to support the basic strategic goal of more Chinese cargo being carried by more Chinese ships, but never quite managed to pull it off. The shifting economic conditions, however, may well present the perfect opportunity to finally cement ‘guohuo guoyun’ as a reality and China’s shipyards will be reaping the rewards
Some 55 tankers on order have dual-fuel engines, with no contracts signed this year for liquefied natural gas-ready ships that can convert to the bridging marine fuel
The obligation for an Inventory of Hazardous Materials for ships calling at EU ports has been complicated by the coronavirus pandemic
Prices paid to shipowners for their vintage tonnage are predicted to remain buoyant, with a reasonably good recycling offering expected in the coming year
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