Market Analysis Articles
Raw Material Prices
Glut of boxship tonnage likely to continue
Containership shipping market would see a delay in recovery trend this year on the strength of new vessel delivery spree which appears after being postponed last year amid poor market condition. According to Clarkson Research, Total cont...
No value for old vessels to be retrofitted
It turned out that half of global shipowners think 15 or more than 15 years old ships have no commercial value to be retrofitted in accordance with environmental regulations. UBS, a global investment bank, conveyed through an online survey tha...
KOR·CHN·JPN won 40 ships only in 2016
Among shipbuilders in Korea, China and Japan, the number of the ones which made newbuildings sales results in 2016 was 40 only. According to data of Banchero Costa, only six shipbuilders succeeded in winning new orders (40 units in total...
“Many gloomy records reported in 2016”
In 2016, the newbuilding contracts recorded the lowest level in 35 years and BDI reached its historic lows. While global shipbuilding and shipping conditions recorded many gloomy records last year, higher volume of bulker tonnage changing hands w...
Korean orderbook reached lowest in 13 years
The orders seal up at Korean shipbuilders have dropped to the worst level in 13 years and six months. They have lost the No.1 position to Japanese shipyards in orderbook ranking in 17 years since 1999 and fallen to the third place. According t...
Sungdong labor union to enter strike
Sungdong Shipbuilding & Marine Engineering branch of Korean Metal Workers' Union (KMWU) announced on January 10 that it plans to hold a demonstration, starting at Headquarters of the Export-Import Bank of Korea (Korea Eximbank, a main credito...
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...
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