Ship For Sale

The lockdowns have devastated shipyards, and increased activity were observed outside of the country The current situation in China resulted in shipowners preferring secondhand vessels. Allied Shipbroking in their latest findings revealed Shanghai’s lockdown resulted in vessel maintenance works flowing outside of the republic. More activity outside of China It …

While the republic scored well in acquiring newbuilding orders, it has a manpower crunch to deal with Korea announced it is welcoming foreigners to the shipyards to fill the labour shortfall. The country has been in an intense shipbuilding race with formidable China. If Korea fails in its mission to …

Shipbuilding competition between China and Korea will only get more intense Competition among both China and Korea is supremely tough for newbuildings. While China is actively taking orders, it has the capacity to undertake the projects – unlike its rival who is frantically gathering manpower to address the load, including …

If Korea wishes to address its manpower issue in the yards, the recovery needs to begin from within It is heartening to witness Korea manning up to having a hand in their manpower shortage, according to a media outlet. Business Korea acknowledged in a commentary, “The shipbuilders are supposed to …

Is Korea’s opening its doors to foreign hires for their shipbuilding sector a lasting solution? In a mission to address the manpower crunch due to their own doing, Korea is now open to having foreign workers at their shipyards to fulfil the list of newbuilding orders. However, how much assurance …

Korean shipbuilders are battling labour shortage despite robust orders  In spite of a fat list of newbuilding orders, Daewoo Shipbuilding & Marine Engineering Company (DSME) is one shipbuilder struggling with labour shortage. It lost some 300 workers to Hyundai Heavy Industries Holdings (HHIH), which was said to offer higher salaries. …

The Korean shipbuilder may be enhancing its value to make it more difficult to acquire The Korean Register (KR) signed a memorandum of understanding (MOU) with Daewoo Shipbuilding & Marine Engineering Company Ltd (DSME) to jointly research the development of Maritime Autonomous Surface Ships (MASS) technology. This came shortly after …

Hyundai Heavy Industries Holdings (HHIH) filed a suit to have EU explain the disapproved merger HHIH is understandably disappointed when the European Union (EU) said no to its plan to acquire Daewoo Shipbuilding & Marine Engineering (DSME). The decision was based on the EU’s refusal to be held hostage by …

India announced it will ramp up Russian coal imports for building, manufacturing and not shipping Only known for shipbreaking, India does not look keen on building which is also an employment avenue. Former navy chief, Admiral Arun Prakash noticed it from outside. He felt India could take a leaf from …

China is in a perfect place to reclaim its top spot in the newbuilding charts The West Sanctions are changing the game for shipbuilding, starting with Europe’s softening. Finland’s Wartsila, a leading ship engine maker took the lead by suspending Russian business while German counterpart MAN Energy Solutions is reviewing …