Shipbuilding Rebound Due in 2014

Sunday, June 17, 2012
According to a report on Yonhap News, South Korea's shipbuilding industry will possibly start to turnaround  in 2014.
The news agency cited findings from the BOK report forecast that the SBI (the shipbuilding business index) will rise to 98.87 points and 98.89 points in the first and second quarters of 2014, respectively, after hitting 98.85 points, the lowest in the past several years, in the last three months of 2013.
The global shipbuilding market has contracted gradually since 2007, when the shipbuilding business index (SBI) reached 103.21 points.  According to the news agency, SBI is a measure of shipbuilding demand, shipping business sentiment, global trading volume and several other factors affecting the shipbuilding industry developed by the Bank of Korea.
South Korean shipbuilders won 93.4 million CGTs in 2007, with comparable figures plummeting to 54.2 million CGTs in 2008, 16.4 million CGTs in 2009, 44.4 million CGTs in 2010 and 31.7 million CGTs in 2011.
South Korea continued to lead the world's shipbuilding market in the first quarter of this year by winning orders for 60 ships worth $7.9b. Global orders for new ships plunged 58.9 percent on-year to 199 vessels up until March.
 (Source: Yonhap News)
 
Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

US Navy: Future USS John Finn (DDG 113) Launched

The future USS John Finn (DDG 113) was launched at the Huntington Ingalls Industries (HII) shipyard March 28.  During launch the drydock was flooded allowing the

BMT Expands to Meet Increased Workload

BMT Nigel Gee (BMT), a subsidiary of BMT Group, has announced the completion of new offices in Southampton in order to meet a large increase in design work.   Operating

NYC Ferries: Gladding-Hearn Building Three New Vessels

Gladding-Hearn Shipbuilding, Duclos Corporation, has begun construction of the first of three new sightseeing vessels for Circle Line Sightseeing Cruises, Inc., in New York City.

Finance

Sea Star Continues Puerto Rico Investments

Sea Star Line, LLC has entered an agreement to on-hire another barge to add to its current service package for shipments from Jacksonville to Puerto Rico.   The

Rand Logistics Announces Debt Refinancing

Rand Logistics, Inc. announced today that it has closed a $170.0 million revolving loan facility which refinanced approximately $102.0 million of the company's

Baltic Sea Freight Index Edges Higher

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, edged higher on Monday as rates rose for vessels across all segments.

 
 
Maritime Contracts Maritime Security Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1148 sec (9 req/sec)