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Asian shipbuilding sector poised for turnaround as order momentum improves
http://www.hellenicshippingnews.com/News...e4719aaeb9
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But DBS Group cautioned against over-optimism on Asian shipbuilders. While the worst is probably over, the research house said the industry is still plagued with overcapacity issue, and any rebound may take some time.
JP Morgan Research went further to say that despite a recovery in new building orders, historical trends will not be a reliable guide to drivers going forward. Longer-term changes in the industry will be driven by an eco-ship replacement and this new cycle is still in a very early stage.
JP Morgan explained that the rising importance of fuel efficiency will change the Asian shipbuilding landscape in the medium to long term. It said there would be an unprecedented replacement cycle for ships over the next decade, driven by fuel efficiency. Most existing ships will become less useful and are likely to be scrapped much earlier than expected.
In this new cycle, labor cost will become less important, whereas technology and quality will be increasingly important amid tightening environmental regulations.
Based on such trend, JP Morgan expects South Korean yards to strengthen their first position thanks to newly designed eco-ships, and Japan will emerge as the second shipbuilding country, ahead of China, up to 2015 due to the diminishing productivity gaps and focus on fuel efficiency.
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It seems the "famine to feast" symdrome might be already creeping in
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(24-09-2013, 11:14 AM)Greenrookie Wrote: Orders climb at China's shipyards, but rebound favours a few
http://www.hellenicshippingnews.com/News...aac5817460
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Consolidation starting, more shipyards especially private and small ones, would go the way of dodo. the pie isn't large enough at the first place, anyway.
Perhaps, more to divert demand to "local industries" too, through the use of financial leverage and taxation??, many china shipping companies are going to Korean yards... Not sure if that will amount to anti-trading thou..
The news is also applicable to YZJ thread, i will duplicate the post over there.
Thanks
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Just for sharing
Dry bulk market keeps on rallying on the back of high Capesize demand
http://www.hellenicshippingnews.com/News...1877ded92e
Tanker orders steal the "show" during the past week
http://www.hellenicshippingnews.com/News...6cb8c7da0f
[/align]
life goes in cycles, predictable yet uncontrollable; just like the markets, but markets give you a second chance
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Orders for new Korean ships jump 88.7 pct through Sept.
http://www.hellenicshippingnews.com/News...85fe188f82
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Key info:
The figure for the South Korean shipbuilders accounted for 36 percent of the total new orders placed globally in the first nine months of the year, compared with 31 percent a year earlier, the data showed.
Chinese shipbuilders clinched 11.68 million CGTs in the first three quarters, a 83.4 percent surge from a year earlier, and took a 38.7 percent share of the new orders placed during the cited period, according to the data.
All told, global shipbuilders' combined orders for the three cited quarters surged 62.6 percent on-year to 30.22 million CGTs, they showed.
Meanwhile, new shipbuilding prices also showed signs of a recovery, according to the data.
Clarkson's index measuring new building prices stood at 129 in August, rising incrementally from 128 in July and 127 in June, spawning speculation that the sector may recover this year.
Since November last year, the shipping research center's index has remained static hovering around 125 points.
The index stood at 142.2 in 2011, but fell to 139 points in 2011 and 126.3 points in 2012.
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Another sign that shipping industry is recovering. BDI is now trading above 2000. We should expect to see a better performance among the dry bulk shippers, and perhaps, the steel stockist as well.
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Is the dry bulk shipping recovery real?
http://www.hellenicshippingnews.com/News...b009ecacc7
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Two conflicting views, one common theme, if I may conclude, recovery has some leg but might be very short term, 2-3 years before over-supply set in, again...
life goes in cycles, predictable yet uncontrollable; just like the markets, but markets give you a second chance
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Ship prices are increasing on the back of improved market sentiment
http://www.hellenicshippingnews.com/News...36784abb07
Ship prices are increasing on the back of improved market sentiment
Key paragraph:
The same story is taking place in the new building market, where slots at good shipyards are now scarce and offered prices have surged and are about 10-15pct higher compared to orders that were placed during 1H of 2013.
life goes in cycles, predictable yet uncontrollable; just like the markets, but markets give you a second chance
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(24-10-2013, 10:25 PM)Greenrookie Wrote: Ship prices are increasing on the back of improved market sentiment
http://www.hellenicshippingnews.com/News...36784abb07
Ship prices are increasing on the back of improved market sentiment
Key paragraph:
The same story is taking place in the new building market, where slots at good shipyards are now scarce and offered prices have surged and are about 10-15pct higher compared to orders that were placed during 1H of 2013.
We shall see the shipbuilder's margin improvement in the near future. I am expecting the same for YZJ, both for better gross margin and favorable paying term. The norm is 20-80, we might see 30-70 or better coming. 
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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Ministry creates shipbuilding whitelist
http://www.sinoshipnews.com/news_content...d=3w3c2049
Key paragraph:
MIIT will put shipbuilding companies which meet the requirements into the whitelist, and for those which are unable to meet the requirements the government won’t offer them relevant favorable policy support, including export tax rebates and bank credit.
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The consolidation continues and if the smaller yards are not killed by market forces, this will ...
life goes in cycles, predictable yet uncontrollable; just like the markets, but markets give you a second chance
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http://www.hellenicshippingnews.com/News...df56c287f0
Could shipping provide the catalyst for global biofuel? Tweet
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2 thoughts running through my mind as I read the article.
If bio- fuel with its many advantages including cost advantages are indeed adopted progressively towards 2020, the demand will be massive, but will CPO be use or other oil seed produce by European countries be used?
Even if it does get adopted and CPO is use, any CPO play with the refinery capabilities ?
The demand is massive but is a projection, remind me of the enermornous promise of electric car that never take off
life goes in cycles, predictable yet uncontrollable; just like the markets, but markets give you a second chance
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