Outlook for Shipping in 2018

The video discusses the challenges faced by shipyards, particularly in the context of competition between Korean and Chinese shipyards. It highlights the difficulties in obtaining orders for offshore projects and the impact of low scrapping rates on the order book. The transcript also covers the evolution of the shipyard industry from Europe to Asia and the competitive edge gained by Chinese shipyards. The market outlook for 2018 is optimistic for drybulk and container shipping, driven by low supply growth and recovering freight rates.

What challenges are currently facing shipyards, particularly in relation to competition?

What is the significance of the technological gap between Korean and Chinese shipyards?

Why is the rate of scrapping ships not as high as it should be for shipyards?

How has the order book for shipyards changed over the past decade?

What factors are contributing to the recovery in shipping and shipbuilding for 2018?