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HMD won 25 NBs in 2016
Hyundai Mipo Dockyard announced on December 30, 2016, that the Korean shipbuilder posted revenue of KRW 3.5trn (approximately $2.9bn, provisional data) last year, down by 5.5% compared to revenue recorded in 2015. Last year, Hyundai Mipo...
[Year-end report] Korean yards suffered from order drought
In 2016, Korean shipbuilding and offshore industry suffered from a severe lack of new orders. In addition to a sharp decrease in general commercial ship orders, there were no new offshore plant contracting. Early this year, Hyundai Heavy Indus...
BDI doubled against early 2016
Baltic Exchange of the UK announced this year's average charter rate of bulkers all around the world on December 23. Against a backdrop of the historic slump in 2016, the bulker charter rate hit an all-time low this year throughout the w...
Korea showed strong pace in TK deliveries
For the opening 11 months of 2016, global shipyards saw 1,537 vessels of a combined 94.9m dwt (32.50m cgt) in deliveries, up by 5% year-on-year in an annualized dwt terms. Clarkson Research projected that 101.2m dwt newbuildings will be delive...
Backlog gap between KOR and JPN further narrowed
Global shipbuilders' orderbook reaches 228.90m dwt (87.80m cgt, 3,713 units) as of the end of November 2016, showing a 27% downturn in dwt terms and in numerical terms compared to early this year. The orderbook, which has been steadily declini...
Global NB orders down by 75%
From January to November this year, global newbuilding orders recorded 419 vessels of a combined 26.1m dwt (10.5m cgt), showing a 75% year-on-year decrease in dwt terms. Till November this year, according to Clarkson Research, global bulker ne...
China's order intakes fell by 14% for Jan-Nov
Last November, Chinese shipbuilding industry recorded new order intakes of 1.11m dwt, representing a 60% downturn compared to the previous month. From January to November of 2016, amid the continuing stagnancy in the global demand for new ship, s...
"Korea's orderbook drop by half in five years"
A Korean institute has recently expected that Korean shipbuilders' new order intakes will drop by less than half in the next five years. Based on Clarkson Research's data regarding prospect for global ship orders, the Korea Development Ins...
BC orderbook hits rock bottom
While bulker market has become super bad since 2015, it turned out that global shipbuilders' bulker orderbook is drying up to show its bottoms. According to Allied Shipbroking, a Greek ship broker, the ratio of newbuildings to the existing bul...
KOR may take dust of JPN in orderbook
It emerged that Korean shipbuilders' orderbook fell to the lowest level in 13 years and five months. They won three newbuildings only in November this year, and there has been growing concern that Korean yards may be beaten by Japanese in backlog...
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