Daewoo Shipbuilding's profit in big dive

The South Korean shipbuilder's bottom line took a dive in the second quarter compared to last year, when one-off gains boosted the group's results. And a sale of a loss-making unit will hurt the third quarter figures.

Higher bunker prices hit Yang Ming in H1

Taiwanese liner company Yang Ming's deficit grew in the second quarter, a significant factor being the 25 percent increase in bunker cost. The company hopes for better conditions as early as next year.

South Korean yard struggling to sell assets

The sale of assets is happening slower than expected at South Korean yard STX. The yard is pressured to sell assets in order to finance itself after receiving assistance from the government earlier this year.

Trade war hits US export of LNG and crude oil

An unintentional consequence of US President Donald Trump's trade war on China is that China proposes to impose tariffs on the import of LNG and crude oil from the US, according to Reuters.

Last week's top stories on ShippingWatch

DFDS is bracing itself for long lorry queues in Dover after Brexit, bad bunker reached the world's largest bunker port and DSV's guidance upgrade were among this week's top stories on ShippingWatch. Also read about Kontainers, which will challenge startups such as US firm Flexport.

EU blacklists major Russian shipyard due to Crimea conflict

JSC Zaliv Shipyard, a major Russian yard that builds both container ships and tankers, has now been added to the EU's sanction list because it participated in the construction of the Kerch bridge to the annexed Crimea penninsula. This is the first time a yard has been added to the list.

Scrubber suppliers working to reduce delivery time

A surge in demand for scrubbers makes the major suppliers work even faster to keep up. At Wärtsilä, there is still room to install scrubbers in 2019, but it is getting tight, the company tells ShippingWatch.

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