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Overall decline in China's shipbuilding industry
The China Association of the National Shipbuilding Industry (CANSI) unveiled statistics on Chinese shipyard’s January-August performance results on September 18. From January to August this year, shipyards in China completed newbuilds of 2...
Percentage of idled ships hits highest level in 5 years
It turned out that the portion of vessels docked or moored in the global crude oil tanker fleet was 7% in August. The figure hits the highest level in the past five years. According to Clarksons Research, the average rate for crude oil carrier...
Korea topped again in global NB orders
Thanks to orders for LNG carriers and very large ethane carriers (VLEC), the Korean shipbuilding industry has topped in the world's ship order volume for the second straight month. According to Clarkson's research, shipyards of the world won 3...
Korea's ship exports down by 31.5%
It turned out that Korea logged KRW 39.66bn (9.9% year-on-year decrease) of the export result last August, with $35.54bn of imports (16.3% y-o-y decline). Korea has seen downturns in export for six months in a row, but maintained...
Japan yards' exports fell by 36%
In July this year, Japanese shipbuilding industry received new export contracts for eight vessels of a combined 469,750 gt and 226,255 cgt, down by 15.6% year-on-year in gt terms. The eight vessels are three containerships, two bulkers (Handymaxe...
"Global orderbook hits lowest in 16 years"
Global shipyards won 6.61m cgt of newbuilds for the first seven months of 2020, representing a 58% decline against a year ago. According to industrial source, their new order intakes have seen a constant downturn, following a 26% decreas...
China’s NBs completion down by 9.4%
The China Association of the National Shipbuilding Industry (CANSI) released statistics on Chinese shipyard’s Jan-July business results on August 21. From January to July this year, shipyards in China completed newbuilds of 20.03m dwt, down ...
Boxship orderbook to fleet ratio below 10%
It turned out that the global containership orderbook to fleet ratio has dropped below a 10% level for the first time in this century. In the containership sector, according to Alphaliner, the share of shipyards’ orderbook against the ...
Korean mid-yards experience severe recession
Korean mid-sized shipbuilders won two LR2 tankers only (52,000 cgt) for the second quarter of 2020, showing a 70.3% year-on-year decline in new order intakes during the same period The Overseas Economic Research Institute at the Ex...
COSCO topped in orderbook tally
It turned out that China COSCO Shipping Corporation is a shipowner that secures the largest number of ships in shipyards' orderbook in the world. According to the recent statistics from Clarksons Research, the Chinese shipping giant has ...
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