Tightened berthing restrictions at Chinese repair docks and difficulties coordinating acceptance at domestic repair yards
First written in FY2022-Q3. 3 of 6 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2023: 2 of 12 companies on the "Worse" side.
2 other companies' latest entry also says "Dropped".
- FY2024DroppedAnnual reportThe restrictions on docking at Chinese repair docks and the difficulty of coordinating acceptance at domestic repair yards, which were described through the previous fiscal year, are no longer presented separately in the current fiscal year’s descriptions of key business risks and operating results.
- FY2023MitigatedAnnual report
「China eased its zero-COVID policy in January 2023, including its docking restrictions, and the number of inquiries from domestic repair yards in recent years has leveled off. However, it is expected to take some time before the traditional supply-demand relationship returns, as China’s capacity to accept work has not yet been restored.」
China eased its zero-COVID policy and docking restrictions, and the increase in inquiries from domestic repair yards has leveled off. However, the company states that it will take time for China’s capacity to accept work to be restored. - FY2023-Q3RestatedAnnual report
「In the ship repair business, inquiries from domestic repair yards have increased due to restrictions on docking at Chinese repair docks, but many inquiries are made at short notice, making it difficult to coordinate acceptance.」
The Company continues to disclose the risks of berthing restrictions at Chinese repair docks, increased inquiries to domestic repair yards and difficulties coordinating acceptance of short-notice projects. - FY2023-Q2RestatedAnnual report
「In the ship repair business, inquiries from domestic repair yards have increased due to restrictions on docking at Chinese repair docks, but many inquiries are made at short notice, making it difficult to coordinate acceptance.」
The Company continues to disclose the risks of berthing restrictions at Chinese repair docks, increased inquiries to domestic repair yards and difficulties coordinating acceptance of short-notice projects. - FY2023-Q1RestatedAnnual report
「In the repair vessel business, inquiries to domestic repair yards have increased due to the impact of berthing restrictions at Chinese repair docks. However, many inquiries are received at short notice, making acceptance coordination difficult.」
The Company continues to disclose the risks of berthing restrictions at Chinese repair docks, increased inquiries to domestic repair yards and difficulties coordinating acceptance of short-notice projects. - FY2022-Q3First statedAnnual report
「In the repair vessel business, Chinese repair docks have tightened berthing restrictions due to the impact of COVID-19. Although inquiries to domestic repair yards have increased, many are received at short notice, making acceptance coordination difficult.」
The Company identifies as new risks specific to the repair vessel business the tightening of berthing restrictions at Chinese repair docks due to COVID-19, the increase in inquiries to domestic repair yards and difficulties coordinating acceptance of short-notice projects.