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New shipbuilding industry: Still in serious trouble
Dec 16: The new ship building industry saw some healthy activity in recent times but the market continues to remain fundamentally troubled.
8Most big shipping names are going through financial restructuring
8South Korea's DSME is raising capital by diluting the stakes of its existing shareholders
8China's Sinopacific Offshore & Engineering is currently trying to gain the support from its creditors in order to successfully complete a promising bankruptcy restructuring
8Many such restructurings are now planned, and there are signals that the industry is in for a major and painful consolidation process.
8In terms of recently reported deals, Hong Kong based owner, Wang Tat, placed an order for one firm Reefer (280,000 cbft) at Kyokuyo, in Japan for an un-disclosed price and delivery set in 2018.
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