Ships & Shipbuilding

Ships & Shipbuilding

Four out of the world’s five largest shipbuilders are located in South Korea: Hyundai Heavy Industries, Daewoo Shipbuilding, Samsung Heavy Industries, and Hyundai Samho. The fifth largest shipbuilder is Japan’s Mitsubishi Heavy Industries.

The pullback in orders has hurt shipbuilding yards in major production centers in South Korea, China and Japan, where authorities considered closing some operations, consolidating businesses and other strategies to keep the industrial operations running. South Korea’s shipping and shipbuilding industries were hit hard by weak global demand for ships and offshore rigs, which resulted in massive losses for shipyards and the bankruptcy of the country’s biggest shipping line, Hanjin Shipping, in 2016. Following the bankruptcy of Hanjin, sales of South Korea’s shipping industry declined drastically, sparking the government to undertake a multi-year restructuring of the sector.

Commentary

Yilport, which signed a memorandum of understanding with the Mississippi State Port Authority in February, is promising to invest hundreds of millions of dollars in the state’s Port of Gulfport, for which it sees serving a distinct purpose. 

News & Analysis

17 Nov 2017
The $85.1 million dredging work will raise the outer bar of the Passur River.
16 Nov 2017
The inability of mega-ships to enter and leave Hamburg fully loaded is affecting container throughput and could hurt the port's competitiveness.
15 Nov 2017
Yang Ming and HMM have said it is too early to confirm whether mega-ships will be included on their order books.
13 Nov 2017
“Log In faces fierce competition in Brazilian cabotage and east coast of South America container services.”
13 Nov 2017
“We need long-term planning.”
10 Nov 2017
The global container fleet is on track to grow faster than expected demand and scrapping.
09 Nov 2017
Last week’s ruling by Judge Rudolph Contreras of the US District Court for the District of Columbia is the latest development in a years-long dispute over pilotage fees.
07 Nov 2017
The move by MSC and CMA CGM to order 20 new 22,000 TEU ships between them will not be followed by Maersk Line that says it has enough capacity "for now."
06 Nov 2017
Analysts continue to highlight the lack of canceled sailings that will leave carriers facing increasingly severe overcapacity as new vessels sail into service and undermine their contract negotiating position.
02 Nov 2017
The upgrade began with an Oct. 26 call.
01 Nov 2017
Big container ships make the big headlines, but vessels at the other end of the size spectrum are also making waves as the market braces for an uncertain year ahead.
01 Nov 2017
Cosco Shipping is heading for the world's number three container line position, with its rapid expansion boosted by the Chinese government.
31 Oct 2017
The Charleston dredging project has proceeded quickly through a series of milestones since the corps recommended the deepening in 2010.
30 Oct 2017
The proceeds of a share sale will be used by Cosco Shipping to fund the construction of 20 new container ships, 11 of them in excess of 20,000 TEU.
24 Oct 2017
Bangladeshi shipping officials are hopeful that a surge of inland waterway capacity will drastically cut shipper costs and congestion.
23 Oct 2017
By 2020, hub ports in Europe can expect the vast majority of all calls to be made by ships with a capacity greater than 14,000 TEU.
22 Oct 2017
How the Port of New York and New Jersey handles the ramp up in business will go a long way in determining the port’s future growth.
18 Oct 2017
The shipping industry is about to register a significant milestone.
18 Oct 2017
The carriers said that despite their exclusive cooperative agreement, they will maintain separate operations.
17 Oct 2017
Pasha Hawaii is pulling a 37-year-old ship out of layup.
17 Oct 2017
The landside ability of the supply chain to handle volume generated by mega-ships must improve before carriers can achieve the lower unit costs their deployment promises.
12 Oct 2017
The low-sulfur fuel rule taking effect in 2020 is likely to usher in “a paradigm change” akin to the introduction of mega-ships.
11 Oct 2017
ExxonMobil said that it expects new fuel formulations will appear in order to meet demand for bunkers with a sulfur content of 0.5 percent.
10 Oct 2017
Japan’s exporters appear to be steadily reducing their reliance on the Suez Canal to reach markets in North and South America.
21 Sep 2017
In the past five days, 20 ships of 22,000 TEU have been ordered by two carriers.
19 Sep 2017
Will carriers be able to better manage space on ships from Europe to Asia in the first quarter of 2018?
19 Sep 2017
Container shipping’s supply and demand gap is set to converge in 2018.
12 Sep 2017
Shippers are seeing little improvement in service levels from the new container shipping alliances.
07 Sep 2017
The announcement marks a significant escalation in the size of the ships stopping at the Port of New York and New Jersey.
06 Sep 2017
With the exception of Africa, call sizes rose in all major world regions.
05 Sep 2017
The significant number of mega-ships set to enter Asia-North Europe by the end of 2018 has resulted in capacity upgrates on many services on the trade.
04 Sep 2017
Carriers will find it tough to levy rate hikes with so much capacity awash in the market, SeaIntel says.
31 Aug 2017
The idle container ship fleet has suddenly sunk to a two-year low.
31 Aug 2017
Ship pilots planned to begin guiding smaller ships through the Houston Ship Channel on Thursday.
31 Aug 2017
MPC Container Ships has nearly two dozen ships less than six months after its establishment.