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Japan files WTO complaint against South Korean support for shipbuilders

Japan has requested WTO dispute consultations with South Korea concerning alleged subsidies provided by the Korean government to its shipbuilding industry. Japan claims that the challenged measures, which include funds, loans, guarantees, insurance and other financing, are inconsistent with WTO's SCM Agreement and the General Agreement on Tariffs and Trade (GATT) 1994.

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VesselsValue: 44% of 2018 ship orderbook not delivered yet

A total of 1,966 vessels have deliveries dates scheduled for 2018, but only 1,100 have hit the water so far this year, meaning 44% of the '18 orderbook is outstanding, according to VesselsValue. Ship deliveries typically slow down towards the end of the year, as a vessel is considered a whole year younger if shipowners wait a few weeks, allowing the delivery to slip into the new year.

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