New Year, Same Problems For The Shipbuilding Industry — Panjiva


New Year, Same Problems For The Shipbuilding Industry

China 1758 Industrials - Capital Goods 265 Japan 381 Mode - Seaborne 1273 South Korea 383 Theme - Shipbuilding 79

The shipbuilding industry had a weak start to 2019 with exports from China, Japan and South Korea having fallen by a combined 20.2% year over year to $5.71 billion. That followed a 2.1% increase in the prior three months on average but continues a longer-term decline in exports. A 17.9% drop in exports from South Korea may be one driver behind the proposed consolidation between Daewoo Shipbuilding and Hyundai Heavy. China saw a 10.8% drop in exports even after new vessel orders recovered. The outlook for the industry will remain challenging though given shipping operators will need to di...

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2019 Panjiva, Inc. All Rights Reserved.