Maritime World

After achieving sales targets for 2021, South Korean shipbuilders get ambitious Korea’s top 3 shipyards have secured enough work for full capacity operations till H1 2024. Industry observers however picked up an attention shift towards LNG in their journey towards IMO 2030. LNG may be the new black Korea’s Big …

Repost: Resolutions regarding Nan King Maritime (Pte.) Ltd (Reg.no. 200814303G) were made on Wednesday (6 October), according to a Friday (15 October) notice posted on the Government Gazette. The following resolutions pursuant to Sections 184A to 184F of the companies act are: Special resolution –Winding Up – that the Company be …

Mongolia’s COVID-19 outbreaks unfazed China as the latter continues its imports China is actively importing coal from Mongolia to tide through its power crunch, despite reported COVID-19 outbreaks in the latter landlocked nation. China meanwhile recorded 30 new infections on 20 October 2021. Bright side of (biting) the bullet China’s …

Coal shortage and prices resulted in a temporal shift towards oil for power source Oil prices enjoyed steady sales when China battled a series of crises from its coal crunch and steep prices, to construction deadlocks. It reached almost rock bottom when the alternative coal producing countries also faced stock …

Dominant producers posted drops in output and shipment forecasts Panic caused by declined iron ore demand surfaced in Australia. Giant producers have since adopted conservative approaches in fears of further slumps. Sporadically punctured production China’s construction crisis remained in deadlock with high steel prices and drastic production drops. Its import …

Prices catapulted to RMB1,829 (US$284.15) a tonne as at 18 October 2021 Power rationing turned out to be ineffective as China battled electricity crunch from cutting coal imports. Factories across the country were forced to suspend operations and disrupted global supply chains. Prices not easing up soon Though China implemented …

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 …

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 …

This is according to a report by the International Renewable Energy Agency (IRENA) Though reducing carbon emissions are important for the maritime industry, time is a concern on adopting environmentally-friendly fuels. Moreover, migration rate can also be thwarted by costs – if shipowners are not inclined to invest just yet. …

China is suffering from blackouts, leaving analysts anticipating the return of Australian coal Light is badly needed in China since power plants are crippled. At the end of the tunnel would be possible resumption of Australian coal imports, provided the republic gets its priorities right. Not tolerating a dark winter …