Source: Intermodal “In response, China’s newbuilding capacity has been scaled up through the reopening of dormant shipyards and the expansion of existing facilities. In addition to Jiangsu Rongsheng, one of the largest private Chinese yards, founded in 2006, other shipyards such as Hengli Heavy Industry, Yangzhou Guoyu Shipbuilding, and Dalian Shipbuilding Offshore have restarted operations. Meanwhile, New Times Shipbuilding, Wuhu Shipyard, and Nantong Xiangyu Shipbuilding among others have expanded their production potential. This growth of shipbuilding capacity is expected to absorb a part of the excess demand, reducing vessel delivery times”, Intermodal’s Research Analyst, Mr. Nikos Tagoulis said. According to Mr. Tagoulis, “to gain more insight on market fundamentals, it’s useful to have a look at the evolution of shipbuilding orders of the three major industry players, China, Japan and South Korea, and their portions to the global orderbook of three major shipbuilding players in terms of m dwt. since China’s entry to WTO in 2000. Through government support and public investments to its national shipbuilding ecosystem, China emerged as a market leader, commanding currently nearly 65% of global shipbuilding orders, an impressive rise considering the less than 10% share in 2000. Meanwhile, the combined orderbook share of Japan and South Korea has declined from 78% to 31% over the same period. As of November 2024, the Chinese shipbuilding orderbook for counts 3,256 vessels of 224m dwt total carrying capacity, marking a 37% increase from 2023 and a 72% rise from 2022, with the global orderbook increasing by 21% since 2023”. Source: Intermodal “In the realm of new contracts, Chinese shipyards remain dominant, securing 1,338 vessels totaling 103.9 million dwt, which represents 70% of all new contracts. Notably, Chinese yards have captured 89% of containership orders, 81% of bulk carrier orders, and 74% of tanker contracts. The rise of China as a dominant force in global shipbuilding can be attributed to several factors, including substantial government support, investments in new technologies, low labour cost and large-scale production capabilities. Additionally, China has successfully leveraged partnerships with international firms, facilitating the transfer of valuable expertise, enabling to advance in the construction of more sophisticated vessels, such as chemical tankers or gas carriers. Domestic demand for both new ship construction and repair services is also a key driver, with the Chinese fleet accounting for approximately 13% of global tonnage”, Tagoulis added. Intermodal’s analyst concluded that “the above constitute the main advantages of the Chinese shipbuilding sector, together with a well-integrated supply chain that ensures timely delivery of the materials required for vessel construction and environmentally sustainable practices. In the current global shipbuilding market, the robust demand for new vessels, evidenced by a steadily growing order book in the post-COVID era and rising new building prices, are expected to drive further expansion of the Chinese shipbuilding sector and maintain its leading position”. Nikos Roussanoglou, Hellenic Shipping News Worldwide
Iowa moves on without injured quarterback Brendan Sullivan when the Hawkeyes visit Maryland for a Big Ten Conference contest on Saturday afternoon. Former starter Cade McNamara is not ready to return from a concussion, so Iowa (6-4, 4-3) turns to former walk-on and fourth-stringer Jackson Stratton to lead the offense in College Park, Md. "Confident that he'll do a great job," Iowa coach Kirk Ferentz said of Stratton on his weekly radio show. "He stepped in, did a really nice job in our last ballgame. And he's got a good ability to throw the football, and he's learning every day. ... We'll go with him and see what we can do." Iowa had been on an upswing with Sullivan, who had sparked the Hawkeyes to convincing wins over Northwestern and Wisconsin before suffering an ankle injury in a 20-17 loss at UCLA on Nov. 8. Stratton came on in relief against the Bruins and completed 3 of 6 passes for 28 yards. Another storyline for Saturday is that Ferentz will be opposing his son, Brian Ferentz, an assistant at Maryland. Brian Ferentz was Iowa's offensive coordinator from 2017-23. "We've all got business to take care of on Saturday," Kirk Ferentz said. "I think his experience has been good and everything I know about it. As a parent, I'm glad he's with good people." Maryland (4-6, 1-6) needs a win to keep its hopes alive for a fourth straight bowl appearance under Mike Locksley. The Terrapins have dropped five of their last six games, all by at least 14 points, including a 31-17 loss at home to Rutgers last weekend. "It's been a challenging last few weeks to say the least," Locksley said. The challenge this week will be to stop Iowa running back Kaleb Johnson, who leads the Big Ten in rushing yards (1,328) and touchdowns (20), averaging 7.1 yards per carry. "With running backs, it's not always about speed. It's about power, vision and the ability to make something out of nothing," Locksley said. "This guy is a load and runs behind his pads." Maryland answers with quarterback Billy Edwards Jr., who leads the Big Ten in passing yards per game (285.5) and completions (268). His top target is Tai Felton, who leads the conference in catches (86) and receiving yards (1,040). --Field Level MediaAs the story of Lin Jing'en's fall from grace spread, opinions were divided. Some condemned her for her pride and refusal to accept help, while others admired her resilience and commitment to maintaining her dignity in the face of adversity.
ISTANBUL Australia introduced a draft law Thursday that would ban children under 16 from accessing social media, aiming to tackle online harm among minors. Communications Minister Michelle Rowland emphasized the need for the law, citing statistics that two-thirds of teens aged 14 - 17 have encountered harmful content online. “Keeping Australians safe online is a top priority for the (Prime Minister Anthony) Albanese government,” said Rowland, highlighting dangers like content promoting drug abuse and self-harm. The legislation will apply to major social media platforms including Facebook, Instagram, TikTok and Snapchat. The draft would give social media companies a year to implement age-verification systems. X owner Elon Musk joined the debate, saying: "Seems like a backdoor way to control access to the Internet by all Australians," quoting Albanese’s support for the law. The legislation also proposes hefty fines of up to AU$50 million ($32 million) for platforms that do not comply.As the slideshow came to an end, a single, spotlighted chair was illuminated at the back of the room. On the chair was a beautiful, framed photo of Matthew's mother, surrounded by flowers and candles. It was a poignant tribute to her memory and a reminder that she was there in spirit, watching over her son on his special day.War Machines & Weapons on the Rise
In conclusion, the words of Jackson Yee serve as a testament to the transformative power of storytelling and the enduring legacy of actors who approach their craft with genuine respect and unwavering commitment. As young actors aspire to make their mark on the world stage, may they heed Yee's wisdom and embrace the profound responsibility that comes with the privilege of being a storyteller, a role model, and a catalyst for positive change in our ever-evolving society.Iowa turns to former walk-on QB to start against Maryland
The Brazilian international in question, a dynamic and technically gifted midfielder known for his vision, passing range, and ability to unlock defenses with his playmaking abilities, has caught the eye of the team's scouting department. With his impressive performances for both club and country, he has established himself as one of the most promising talents in world football.Schieffelin has 18 points, 13 rebounds and 8 assists as Clemson hands Penn State first loss 75-67
As the match reached its climax, the tension in the air was palpable. Every pass, every shot, every save had fans on the edge of their seats, eagerly awaiting the moment when one team would finally break the deadlock. And when it happened, it was nothing short of spectacular. A thunderous strike from the Iron Hammer Wolf Team's star striker sent the crowd into a frenzy, as they erupted in celebration of what could be the winning goal.The convening of experts from the five nuclear-weapon states in Dubai underscores China's proactive approach to nuclear diplomacy and its willingness to engage with other major nuclear powers. By facilitating dialogue and cooperation, China seeks to build consensus on key nuclear issues and promote greater transparency and confidence-building measures among nuclear-armed nations.
NoneOne key consideration is the current state of the housing market. Despite the increase in mortgage rates, housing prices have remained relatively stable in many regions. This suggests that demand for housing continues to outstrip supply, creating a competitive market environment for buyers. In such a scenario, delaying a property purchase could result in higher prices down the line, potentially offsetting any savings from waiting for lower interest rates.
In conclusion, the appointment of Anthony Taylor as the referee for the Manchester Derby is a testament to his reputation and capabilities as one of the top officials in English football. His presence will add an extra layer of intrigue and professionalism to what promises to be a captivating and pulsating encounter between Manchester City and Manchester United. With Taylor at the helm, fans can expect a closely contested and enthralling battle that showcases the best of English football.
Monster Hunter Wilds recently unveiled its latest addition to the roster of formidable creatures inhabiting the untamed lands - the fearsome Crimson Wyvern. Known for its fiery temperament and unmatched ferocity, this apex predator reigns supreme in the depths of the Scarlet Forest, making it a true challenge for even the most experienced hunters.
Moreover, Lenovo's tutorial emphasizes the importance of customizing keyboard settings and layouts to suit individual preferences and hand sizes. By utilizing programmable keys and macros, gamers can adjust their keyboard configurations to optimize comfort and efficiency, ensuring a smoother gaming experience without compromising performance.However, football is a game of uncertainties, and past results do not guarantee future success. Dortmund, led by the prolific goal scorer Erling Haaland and the creative midfielder Jadon Sancho, pose a significant threat to Barcelona's unbeaten streak. Dortmund's attacking prowess and ability to transition quickly from defense to attack could test Barcelona's defense and pose a challenge for their midfield.NGOs, activists cannot try to run country through PILs, Centre tells Supreme Court
DAYTONA BEACH, Fla. (AP) — Ian Schieffelin had 18 points, 13 rebounds and eight assists in leading Clemson to a 75-67 win over Penn State on Tuesday and the championship of the Sunshine Slam Beach Division. Chase Hunter added 17 points, Chauncey Wiggins 14 and Del Jones 10 for the Tigers (6-1), who shot 44% and made 9 of 19 3-pointers led by Hunter's three. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Get any of our free email newsletters — news headlines, obituaries, sports, and more.
Wu Yingjie's case is a stark reminder of how unchecked power can lead to corruption. During his tenure as the Party Secretary of Tibet, Wu Yingjie abused his position for personal gain and engaged in activities that undermined the principles of the Communist Party. Allegations of bribery, embezzlement, and other corrupt practices have tarnished his reputation and eroded public trust in the government.
Bryant defeats Tennessee State 97-85