Case study: what happens to shipyards in a crisis?

default_image

© Khunaspix Dreamstime.

By Alex Lennane

12/09/2013

Clarkson Research has an interesting article on how shipyards have surprised the market in past years. When Lehman Brothers – “the first trailer in the trailer park that the tornado hit” – collapsed, shipping analysts were sure that the orderbook would never be delivered. “The problems seemed insurmountable.” And yet 2009 to 2011 turned out to be the biggest shipbuilding boom ever, resulting in a 40% bigger fleet today.

Read more...

Topics

Most read news

Etail by air – here to stay or on a short shelf life?

HMM sees opportunities in Hapag-Lloyd’s exit from THE Alliance

How crazy is this: DSV goes hostile on Expeditors or CH Robinson?

The rise and rise of China's ecommerce platforms

Carriers look to short-term gains over blanking, as Red Sea crisis props up rates

Liners unveil Asia-Europe FAK price hikes to arrest steady rate decline

Cargo flows through Dubai delayed by flooding, with 300 flights cancelled

Legal battle heats up over 'unseaworthy' and 'reckless' MV Dali

Another strong month for US ports as container flows continue to rise

DSV chief reticent on Schenker: the focus on growing market share

MSC redeploys 'Israel-linked' box ships away from Persian Gulf

Evergreen clients signing transpac contracts as Red Sea crisis props up rates

WSC asks US court to order FMC to correct 'inconsistent' new D&D rules

Boxes piling into Mexican ports – but then piling up

K+N looks past Q1 revenue drop to improved margins from restructure

US intermodal picking up steam as trucking woes continue