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

28 Aug 2017
Carriers will be investing a lot of money in a very short amount of time.
28 Aug 2017
Container shipping is only at the very beginning of a recovery after six years of losses, but new ship orders could hold back an industry-wide return to profitability.
24 Aug 2017
The ships will be built by Keppel AmFELS in Brownsville, Texas.
23 Aug 2017
The Panama Canal has the same number of weekly loops as it did before its expansion.
23 Aug 2017
CMA CGM has signaled its intent to order nine 22,000 ships that, if delivered before 2019, will add to the huge amount of mega-ship capacity coming in to the Asia-Europe trade.
20 Aug 2017
Carriers will have to reduce services or risk upsetting the supply demand balance as a massive injection of capacity is delivered between now and 2019.
18 Aug 2017
The move would heighten competition in a key US domestic market.
17 Aug 2017
Log-In Logistica is reeling following the loss of 47 containers into the sea and a decline in volumes in the second quarter.
17 Aug 2017
The idle container ship fleet has crept slightly higher.
16 Aug 2017
After chasing market share during the rate wars of 2016, Maersk Line is now concentrating on maintaining profitability in the recovering market.
16 Aug 2017
All proceeds from the sale have been paid to an HSH Nordbank-led syndicate.
15 Aug 2017
Brazilian chicken exporters are cheering.
15 Aug 2017
Niche carriers either greatly overperform or dramatically underperform the top 16 carriers.
14 Aug 2017
The rule would reduce emissions that contribute to global warming, which threatens the long-term viability of international supply chains.
14 Aug 2017
Clarksons’ first-half profit jumped 25 percent.
14 Aug 2017
The huge container ship that ran aground while leaving the Port of Antwerp, obstructing access to Europe's second busiest port, has been refloated.
11 Aug 2017
Divers have located a tugboat involved in a collision with the Mercosul Santos.
09 Aug 2017
It took the Competition Commission of Hong Kong almost two years to grant liners a block exemption from anti-trust laws, but the exemption order has been greeted with grumbling by shippers and carriers.
09 Aug 2017
Germany’s Zeaborn Group has consolidated its presence in the heavy lift/project cargo shipping market.
08 Aug 2017
The toll changes will be the first since the canal opened new locks in June 2016.
08 Aug 2017
It took the Hong Kong regulator almost two years to grant liner shipping a five-year block exemption from complying with the Competition Ordinance, but it starts today.
08 Aug 2017
“The congestion in Chittagong port has gone beyond the tolerable limit.”
07 Aug 2017
The orders threaten the industry’s fragile return to profitability.
03 Aug 2017
The port authority has also commenced 24/7 operations to ease the backlog of containers.
02 Aug 2017
Shipping lines and shippers are apoplectic.
02 Aug 2017
Profitability is back for carriers on Asia-Europe, but the onslaught of mega vessels into the trade threatens to put the brakes on their financial improvement.
01 Aug 2017
Danaos reported sharply lower earnings in the second quarter.
01 Aug 2017
GSL’s fleet of 18 ships range in capacity from 2,262 TEU to 11,040 TEU.
31 Jul 2017
The positive earnings statements come less than a month after the three established Ocean Network Express.
31 Jul 2017
The New York Stock Exchange-listed company said it has begun the search for a new CEO.
27 Jul 2017
The opening of the new locks in June 2016 shifted the competitive advantage back to the Panama Canal.
26 Jul 2017
Costamare’s earnings slipped in the second quarter.
25 Jul 2017
A debt write-off agreement helped Diana Containerships' second-quarter earnings.
24 Jul 2017
The market remains very active despite the summer vacation period in the northern hemisphere.
24 Jul 2017
The majority of ships deployed on Asia-Europe by the end of 2018 will be greater than 18,000 TEU, which will have implications for rate levels and ports.