Industry dynamics

Hong Kong Faita Shipping in Ship recycling War

Release time:

2016/03/01 00:00

Hong Kong's Continue Shipping, a small Chinese owner of Panamax bulk carriers, has been caught in the middle of a growing wave of ship repossession by finance lessors due to corporate defaults.
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Business information

Comprehensive Advantages of China’s Second-hand Vessel Export, Diverse Vessel Types Gaining Favor Among Global Shipowners

Comprehensive Advantages of China’s Second-hand Vessel Export, Diverse Vessel Types Gaining Favor Among Global Shipowners

Against the backdrop of persistently high newbuilding prices and prolonged construction cycles in the global shipping market, coupled with the continuous implementation of international maritime environmental regulations, global shipowners are gradually shifting their procurement strategies toward quality second-hand tonnage. Benefiting from abundant domestic vessel stock, a complete ship repair & conversion industrial chain and mature foreign trade support, China’s second-hand vessel export business maintains steady growth. Exported vessel types include bulk carriers, oil & chemical tankers, container ships, multi-purpose vessels, tugs, barges, fishing vessels and offshore engineering vessels, serving shipping and marine engineering clients across Southeast Asia, Africa, Latin America and other regions.
2026 New Trends in Second-hand Vessel Trading: Compliant & Energy-efficient Vessels Become Market Mainstream

2026 New Trends in Second-hand Vessel Trading: Compliant & Energy-efficient Vessels Become Market Mainstream

Global second-hand ship trading trends in 2026. Overseas buyers prioritize vessels with full compliance and low fuel consumption. China Hongtan Shipping Holdings provides one-stop second-hand vessel import & export services. The global second-hand vessel trading market remains highly active in 2026, with notable shifts in market transaction logic. Previously, shipowners mainly focused on tonnage and price advantages when purchasing vessels. However, global demand for second-hand ships in 2026 has shifted toward modern vessels with **sound compliance, superior energy efficiency and stable condition**. High-quality second-hand vessels enjoy rising premium margins and have become the mainstream in trading.
2026 H1 Secondhand Ship Market Review: Record Trading Volume, Broad Price Gains

2026 H1 Secondhand Ship Market Review: Record Trading Volume, Broad Price Gains

In the first half of 2026, the global secondhand ship market hit a historic high. According to Clarksons Research, the secondhand ship price index rose 12% to 212.4 points in H1 2026, the highest level since October 2008, with total secondhand vessel trading volume reaching approximately USD 35 billion. However, the market showed pronounced divergence across segments: bulk carriers saw both volume and price gains, tanker prices approached 20-year highs, while trading in secondhand containerships cooled markedly.
Rules for Classification of Sea-going Steel Ships — 2026 Revision Circular

Rules for Classification of Sea-going Steel Ships — 2026 Revision Circular

The main revisions in the Rules for Classification of Sea-going Steel Ships 2026 Revision Circular include: Part 1 — Rules for Classification Added additional notations for digital delivery, re-liquefaction systems, gas combustion units, yield strength assessment of Type C independent tanks based on the Load and Resistance Factor Design (LRFD) method, enhanced fire protection for the carriage of lithium-battery electric vehicles, hull monitoring and decision support systems for ice operations, and sewage discharge control; Adjusted the wording of the floating dock lifting capacity notation, the technical requirements of the fishing vessel notation, and the description of the LNG carrier notation;
Global Second-hand Vessel Market Remains Prosperous in 2026, Compliant Vessels Highly Sought-after

Global Second-hand Vessel Market Remains Prosperous in 2026, Compliant Vessels Highly Sought-after

Driven by IMO CII and EEXI environmental regulations, older vessels failing to meet energy efficiency standards are being phased out. Meanwhile, newbuilding slots are tight with long lead times. Pre-owned vessels with proper certificates, qualified carbon performance and quick delivery become the priority choice for fleet expansion.
The development of China's shipping industry

The development of China's shipping industry

China's shipbuilding industry developed slowly in modern times. From 1865 to 1866, the Qing government successively established the Jiangnan Manufacturing General Bureau and Fuzhou Shipbuilding Bureau, and built warships such as "Baomin", "Jianwei" and "Pinghai" and passenger and cargo ships on the Yangtze River such as "Jiangxin" and "Jianghua".