Supply Chain Research

The global shipbuilding industry has entered a period of booming orders as container shipping firms aim to meet elevated demand and improve their environmental profile. The process is long and expensive, shown by Cosco Shipping’s $1.50 billion order for 10 container ships that will be delivered from Dec. 2023 to Dec. 2025. China’s shipyards have had their busiest first six months of the year since 2014, though deliveries only increased by 18.9% year over year as yards get up to speed. The value of exports from Japan and South Korea have actually fallen by 29.2% and 22.3% respectively in...