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China’s steel output showing signs of recovery

steel output

Despite production increase, related industries should not be happy just yet China steel output’s marginal increase though boded well for its construction and shipbuilding sector, the cashing in moment remains unclear. Marginal steel output increase A shortage of thermal coal-generated electricity supply accompanied with tightened consumption targets resulted in 18 …

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China’s shipbuilding orders surpassed Korea’s

Korea got dethroned by China for shipbuilding orders in September 2021 Clarksons Research’s latest findings reflected newbuilding orders totalled to 3.28 million compensated gross tonnage (CGT) – translating to 116 vessels for September. The builders were predominantly from China, Korea, and Japan. Surprising turn In terms of newbuilding orders for …

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Steel held good prices in Bangladesh recycling yards

Despite mishaps, Bangladesh’s ship demolition market holds steady Bangladesh is leading in the ship demolition sector. Trailing behind are Pakistan, India, and Turkey. GMS, the world’s largest buyer of ships (for demolishing) revealed in its latest update (between 3-8 October 2021) with deals comprising a 300,361 dwt very large crude …

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A sweet year end for Korea’s shipbuilding sector


South Korea’s Big Three have surpassed their order targets for 2021 Industry sources revealed Korea’s top 3 shipyards: Korea Shipbuilding & Offshore Engineering Company (KSOE), Daewoo Shipbuilding & Marine Engineering Company (DSME), and Samsung Heavy Industries Company (SHI) have exceeded or close to meeting their yearly order goals. Milestone after …

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Daewoo Shipbuilding and Marine Engineering means business about not merging


Signs seem to suggest the merger between HHIH and DSME may not happen Last July, all eyes were on 2 Korean heavyweights’ merger, wondering if that would even happen. Hyundai Heavy Industries Holdings Company (HHIH) was planning to acquire Daewoo Shipbuilding & Marine Engineering Company (DSME). However, it can only …

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Philippines’ ailing shipping industry receives a lifeline


The congress rolls out a series of benefits for the wounded shipbuilder and repair sector for the shipping industry Over 118 companies in the Philippines’ shipbuilding and ship repair sector have suffered the impact of COVID-19. Damages ranged from delayed delivery of raw materials, manpower shortage from lockdowns to increased …

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China’s construction under severe pressure from controlled steel output


The Evergrande crisis is the constructor sector’s major blow One of China’s largest residential property developers had their credit ratings reduced to CC by S&P Platts and Fitch Ratings. Essentially, Evergrande is neck-deep in debts and expected to default on payments. A casualty of environmental initiatives? China’s commitment to reduce …

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