Newbuilding prices fail to improve even amid rush demand accompanying revisions to international rules
First written in FY2017-Q1. 4 of 6 entries say "Restated". Latest entry: FY2018.
1 other company's latest entry also says "Dropped".
- FY2018DroppedAnnual reportThis filing does not specifically mention rush demand arising from amendments to international rules or the failure of ship prices to improve despite such demand. quantified:true, materialized:true.
- FY2018-Q1RestatedAnnual report
「In the shipping and shipbuilding industries in which we operate, there was rush demand ahead of amendments to international rules, including the NOx Tier 3 regulations and ballast water treatment system regulations, but the bulk and container markets remain depressed due to deteriorating cargo movements and excess vessel capacity.」
The filing continues to describe the ongoing market downturn despite the existence of rush demand arising from amendments to international rules. - FY2017RestatedAnnual report
「In the shipping and shipbuilding industries in which we operate, there was rush demand ahead of the amendments to international rules, including the NOx Tier 3 regulations and ballast water treatment system regulations, but cargo movements deteriorated, and the bulk and container markets remained sluggish due to excess vessel capacity.」
The filing continues to describe the situation in which, despite rush demand arising from the NOx Tier 3 regulations and ballast water treatment system regulations, the market remains sluggish due to deteriorating cargo movements and excess vessel capacity, with no resulting improvement in ship prices. - FY2017-Q3RestatedAnnual report
「There was demand ahead of amendments to international rules, but it did not lead to an improvement in ship prices.」
The situation continues in which rush demand arising from amendments to international rules does not lead to improved ship prices. - FY2017-Q2RestatedAnnual report
「In the shipping and shipbuilding industries in which we operate, rush orders arising from amendments to international rules have not led to an improvement in ship prices, and major and mid-sized shipyards are struggling.」
The situation continues in which rush orders arising from amendments to international rules do not lead to improved ship prices. - FY2017-Q1First statedAnnual report
「Although major shipyards were reported to have received orders exceeding those in 2020 in some cases, the actual contracts only covered vessels scheduled for completion in 2018–2019, and the situation was strongly driven by rush demand ahead of amendments to international rules, without leading to an improvement in ship prices.」
The market situation is described for the first time in which rush orders arising from amendments to international rules have not translated into actual contracts or improved ship prices.