In something of a role reversal from when they overtook European shipbuilders in the 1960’s and 70’s Japanese yard executives are questioning subsidies and resulting low priced orders taken by competitors in China and South Korea.
Project Forward an ambitious scheme to build the world¹s first truly deepsea, LNG-powered ships - has signed a letter of intent (LOI) to build up to 20 such dry bulk vessels at Jiangsu Yangzijiang Shipbuilding.
In the first article of this two-part series international shipping lawyer Torgeir Willumsen takes a closer look at key commercial and legal obstacles to autonomous shipping.
Abu Dhabi Ship Building PJSC (ADSB) has reported net profit up by 70% to AED104.8m ($28.5m) for the 2017 financial year ending in December, representing its second-best performance ever. Gross profit for the year rose from AED256.1m ($69.7m) in 2016 to AED 277.1m ($75.4m).
The global newbuilding orderbook to existing fleet ratio has dropped to its lowest level in 20 years dropping to just 10% of capacity.
MSC and Moby have ordered four LNG-ready ro-pax ferry/cruise vessels, plus options for up four for more, from GSI Shipyard in China.
JES International has failed in a bid to sell its shipyard business, while its former ceo has been jailed for 12 and half years.