Ship For Sale

The European Union (EU) again delays approval on Hyundai Heavy Industries’ acquisition plans Hyundai Heavy Industries Holdings Co’s (HHIH) plans to acquire Daewoo Shipbuilding and Marine Engineering Co (DSME) was announced in March 2019. After 3 rounds of adjournment to review possible implications from this massive deal, the EU dishes …

Korea’s mission to revitalise its shipping sector was earlier thwarted, however…. HMM just splurged $1.57 billion for 12 13,000 teu box ships order, split between Korean shipyards: Daewoo Shipbuilding & Marine Engineering and Hyundai Merchant Marine. Each will construct six vessels, and deliveries are scheduled in the first half of …

Second hand vessels proved to be more popular with top carrier Mediterranean Shipping Company (MSC) has been acquiring second hand vessels. Some industry observers speculated these investments are MSC’s attempts to overtake Maersk as the world’s largest carrier. Tight competition between top 2 carriers The fleet operating difference between Maersk …

Industry observers observe the need for smaller vessels grow The Baltic Exchange’s main sea freight index tracking rates for ships ferrying dry bulk commodities edged up on 24 June 2021. Gains in the panamax and smaller segments offset a slight dip in rates of the larger capesize vessels. Alternative transportation …

Size and timing determine your vessel value Vessels are million-dollar investments and before the owners place them on the market, the values must be carefully analysed. Size and timing are the main factors determining the price of your vessels – which spells either profit or better off not selling. Whiches …

Is China’s newbuilding orderbook enhanced by learning from others? Its years of flak as a global copycat are no concern. In fact, China is not only actively expanding its orderbook, the country also ordered new vessels from Korea. It is unconvincing to assume China is not a threat to Europe …

Research showed Bangladesh, India, and Pakistan are top spots for vessel dismantling When a vessel’s time is up after 30 years, it makes its way to the scrapyard. Three countries are known to be scrapping hotbeds, while others are for newbuildings. The common denominator is low costs, and maybe lax …

Is it too early to toy with newbuildings now? Despite China enjoying a current spike in new orders from its competitive pricing, the type of engines is now an enormous guessing game. Even the largest shipping company in the industry is holding their horses on the types of engines to …

Newbuildings are steadily climbing, labour gap narrowed by the single-dose Convidecia The single-dose Ad5-nCoV (trade name Convidecia) is hugely popular in China. About 450 million doses were administered across China as at 19 May 2021 – and tremendously enhanced China’s geopolitical position. China on rapid recovery mode Chinese companies’ presence …

China experiencing a ship order spike, thanks to a formidable edge. China’s shipbuilding sector enjoyed a steady growth in Q1 2021, and is actively receiving orders for newbuildings. Official data revealed China maintains a large global share in terms of completion volume and new orders. Climbing steadily Chinese companies are …