Busan expands support range for struggling businesses [Finance]
Busan Metropolitan City of Korea announced on August 21 that it will expand export finances for local struggling businesses.  The plan aims to put more liquidity into Busan-based companies focused on exporting automobile parts and shipbui...
2018-08-22 07:13:49
Crude tanker awaits better days [Shipbuilding]
A reported predicted global crude tanker market will see a much-improved rate with weak tanker delivery, increasing production, in addition to 2020 sulfur cap. Fearnley Securities of Norway recently suggested such an idea, predicting VLCC pric...
2018-08-22 07:13:07
"NB price upturn is on track" [Shipbuilding]
While Korean major shipbuilders are seeing a significant increase in their stock prices as ship price is expected to rise, it seems that ship price will slowly climb in the second half of this year against a backdrop of rising thick plate price.&...
2018-08-22 07:12:12
Korea prevailed in VLCC market [Shipbuilding]
The global shipbuilding industry has scored a total of 525 units, 41.1m dwt (15.2m cgt) of newbuilding orders during the Jan-Jul period of 2018, representing a 17% year-on-year downturn in terms of annualized dwt, and 3% in terms of cgt. The tota...
2018-08-22 07:11:32
CANSI reveals China’s Jun-Jul result [Shipbuilding]
According to the data, Chinese shipyards completed newbuildings of a combined 21.81m dwt for the period, down by 26.8% yoy. On the other hand, they were awarded new vessels of 24.04m dwt, representing an 81.6% upturn.  As of the end of ...
2018-08-22 07:10:54
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[Interview: Danfoss Group] "NB market to be recovered"