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Korea reclaims No.1 in May NB order
Korean shipyards recaptured the first place in the global new order competition last May. According to Clarksons Research, Korea ranked first in May with a total of 640,000 cgt (16 units) in global newbuilding orders, accounting about 60% of t...
China's NB orders grown sharply in April
The China Association of the National Shipbuilding Industry (CANSI) has recently released statistics on business results domestic shipbuilding industry posted for the first four months of 2019. According to the statistics, last April, Chinese shi...
Japan has fed compatriot yards
Latest data showed that during FY2018 (from April 2018 to March 2019), Japanese yards have taken orders for 214 ships at 10.69m gt (4.63m cgt), which is a yoy 7.3% growth in terms of gt. The bulker occupied the most significant part with 150 unit...
Korea received the second largest orders in April
The Korean shipbuilding industry followed China’s lead (64%) in April’s shipbuilding order intake with 23% of the market share. Clarksons Research reported that among 1.21m-cgt (40 units) of newbuildings ordered in April 2019, China took 7...
Ship value to gain momentum from the end of 2019
Intelligence provider for marine asset value, VesselsValue recently released its forecast for future vessel value change by 2022, in bulker, tanker, containership, and gas carrier segments. Overall, the agency predicted that the value would hit b...
Korean shipbuilding export expanded in April
Data show that in April, Korea exported $48.86bn (2.0%↓) of goods and services, importing $44.74bn(2.4%↑). Korea’s trade profit accounts to $4.12bn, making April an 87th consecutive month in profit. The Ministry of Trade, Industry and En...
20 LNGCs ordered in 1Q only
It turned out that orders for at least 20 LNG carriers were placed at Korean, Chinese and Russian shipyards for the first quarter of 2019. According to broker and consulting industry source, as well as TradeWinds, 16 of the newbuilds are...
Offshore O&G investment to jump in 2019
Halliburton of the US forecasts that this year's investment in offshore oil & gas segment will grow sharply. The one of the world's largest oil field service companies has recently announced its 1Q business results, expecting total g...
Korean yards account 28% of 1Q NB orders
Chinese shipyards ranked No.1 position in 1Q global new order intakes with 2.58m cgt (106 units) awarded, which accounts for 45% of the entire contracting of 5.73m cgt (196 units). Korean shipbuilders came in second place with 1.62m cgt (35 units...
Ship exports see uptrend in Mar
The Korean whole industry exported $47.11bn (down by 8.2% year-on-year) and imported KRW 41.89bn (down by 6.7% y-o-y) last March, achieving the 86th consecutive profitable month with a trade balance of $5.22bn. According to the Min...
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