Shipyards face ‘bumpy’ ride in 2023 as economic, capacity and labour issues loom
Market players are mystified by the lack of tanker orders, but demand from LNG, container ship and offshore energy sectors is expected to keep yards busy.
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Hyundai Heavy invests in digital to stay ahead of the curve
The shipbuilding landscape is undergoing major shifts as the labour-intensive industry faces a severe labour shortage and shipping switches to vessels that can run on carbon-neutral fuels.
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Japanese shipyards feel the pain as bulk carrier orders slump
Yards were unable to cash in on the rapid devaluation of the yen this year as the dry bulk market failed to deliver newbuilding orders.
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Shipbuilding boom and oil prices keep Dubai’s Drydocks World busy
Repair yards are seeing a boom in conversion and eco-refit projects as Chinese builders focus on constructing ships.
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China’s shipyards turn LNG newcomers with record order haul
More Chinese yards advance capabilities to move into high-tech vessel building.
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Best year for Hyundai yards since 2007 despite a slowdown in global newbuilding orders
The shipbuilding group is not in a hurry to contract new orders and will not expand its current shipbuilding capacity.
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Buyers ease back on newbuilding volume but not on value in 2022
LNG carriers overtake container ships in tonnage terms as shipbuilding market hits record order spree.
