Ship-Related Business Conditions Amid a Weak Shipping Market and South Korean Shipbuilding Support
First written in FY2020-Q1. 3 of 9 entries say "Mitigated", first in FY2022-Q1. Latest entry: FY2024-Q1.
The whole theme swung hardest in 2020: 5 of 14 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- FY2024-Q1RestatedAnnual report
「The business environment surrounding the Energy Solutions & Marine business remains on a recovery trend as the global economy moves from stagnation caused by the spread of COVID-19 toward normalisation.」
The company continues to view the business environment for the Energy Solutions & Marine business as being on a recovery trend. - FY2023MitigatedAnnual report
「In addition, solid demand is expected for LPG and ammonia carriers.」
In the Energy Solutions & Marine business, including marine and offshore operations, demand for LPG and ammonia carriers is considered solid, and the company continued to report a recovery trend from the previously challenging business environment. - FY2023-Q2MitigatedAnnual report
「In addition, the newbuilding market has emerged from its temporary downturn, as shown by an increase in orders for LPG and ammonia carriers.」
Regarding the Energy Solutions & Marine business, including shipbuilding and marine operations, the report described an increase in orders for LPG and ammonia carriers and a recovery in the newbuilding market. - FY2023-Q1RestatedAnnual report
「The business environment surrounding the Energy Solutions & Marine business remains on a recovery trend as the global economy moves from stagnation caused by the spread of COVID-19 toward normalisation.」
Regarding the Energy Solutions & Marine business, including shipbuilding and marine operations, the view that the recovery trend is being maintained was reiterated. - FY2022-Q3RestatedAnnual report
「The business environment surrounding the Energy Solutions & Marine business remains on a recovery trend as the global economy moves from stagnation caused by the spread of COVID-19 toward normalisation.」
Regarding the environment for the Energy Solutions & Marine business, including shipbuilding and marine operations, the view that the recovery trend is being maintained has been reiterated. - FY2022-Q1MitigatedAnnual report
「The business environment surrounding the Energy Solutions & Marine business remains on a recovery trend as the global economy moves from stagnation caused by the spread of COVID-19 toward normalisation.」
Regarding the environment for the Energy Solutions & Marine business, including shipbuilding and marine operations, the report stated that the recovery trend was being maintained as the global economy normalised. It also indicated an increase in business negotiations for LPG carriers. - FY2021-Q3WorsenedAnnual report
「The business environment surrounding the shipbuilding and marine business remains challenging. Although demand for gas-fuelled vessels is emerging amid tighter environmental regulations, new business negotiations are limited due to the spread of COVID-19, while low-priced orders accepted by South Korean and Chinese shipyards are delaying the market recovery.」
In addition to the previous shipping market downturn and other factors, the report explicitly described restrictions on new business negotiations due to COVID-19 and delayed market recovery caused by low-priced orders accepted by South Korean and Chinese shipyards. - FY2021-Q1WorsenedAnnual report
「The business environment surrounding the shipbuilding and marine business remains challenging, despite the emergence of demand for gas-fuelled vessels amid tighter environmental regulations and progress in developing LNG projects, due to the prolonged shipping market downturn and the stagnation of business negotiations caused by the spread of COVID-19.」
In addition to the previous shipping market downturn and other factors, the report explicitly identified stalled business negotiations caused by the spread of COVID-19 as a factor worsening the business environment for the shipbuilding and marine business. - FY2020-Q1First statedAnnual report
「The business environment surrounding the shipbuilding and marine business remains challenging, despite the emergence of demand for gas-fuelled vessels amid tighter environmental regulations and progress in developing LNG projects, due to the prolonged downturn in the shipping market and the continuation of South Korean government policies supporting the shipbuilding industry.」
The report explained that, although opportunities exist in demand for gas-fuelled vessels and other areas, the business environment remains challenging due to the prolonged shipping market downturn and South Korean government support for the shipbuilding industry.