The COVID-19 pandemic has compounded existing uncertainties to create a perfect storm for the shipbuilding markets, as well as having widely differing impacts on different sectors of shipping. Take a look inside the latest foresight!
S&P Deal Book: Celsius Shipping offloads duo; Minerva sells another aframax
Read more in TradeWinds
South Korea cuts further shipbuilding capacity as order slump continues
Is vessel construction becoming a sunset industry in South Korea? Read more in TradeWinds
China’s shipbuilding industry bounces back from coronavirus — and comes out on top
Data from Maritime Strategies International (MSI) shows China received around 11m gt of newbuilding orders in the first nine months of this year… Read more in TradeWinds
Newbuilding outlook remains bearish amid demand and regulatory uncertainty
“It is clear that now is not the time to be making any major bets on newbuildings,” Maritime Strategies International (MSI) director Stuart Nicoll said. Read more in TradeWinds
Trio of Xihe product tankers find buyers as sell-off continues
Product carriers among vessels that Xihe Holdings’ judicial manager has put up for sale. Read more in TradeWinds
Wind work no magic bullet for North Sea offshore owners after ‘sobering’ month
UK consultancy Maritime Strategies International (MSI) has said there are likely to be around 180 floating wind turbines installed globally in 2024. Read more in TradeWinds
Ro-ro asset values fall due to oversupply and new technology
See what MSI has to say in TradeWinds
What to do about the laid-up, oversupplied OSV market
Offshore vessel owners must somehow address the huge number of laid-up vessels to repair the damaged OSV sector, said experts at Riviera’s Offshore Support Journal, Middle East Virtual Conference. Read more here
Bevy of bulkers change hands as prices threaten to cool
Maritime Strategies International (MSI) managing director Adam Kent told TradeWinds that as bulker earnings cool off at the end of this year, followed by the seasonal iron-ore slowdown early next year, prices are predicted to be reined in. Read more in TradeWinds here