Prospects in shipbuilding for South Korea and Japan amid the US and China scrutiny

Prospects in shipbuilding for South Korea and Japan amid the US and China scrutiny

8 May 2024 — Following the recent investigation by President Joe Biden into alleged unfair Chinese economic practices in shipbuilding and maritime logistics, the dynamic of the global maritime industry is expected to shift. This action, intended to support US shipbuilders, could inadvertently provide an opportunity for South Korean and Japanese producers to strengthen their market position against increasingly competitive Chinese rivals.

China's landmark for the shipbuilding sector with its first cruise ship setting sail

China's landmark for the shipbuilding sector with its first cruise ship setting sail

15 January 2024 — Adora Magic City, China's first domestically built cruise ship, completed its first commercial voyage. As the vessel set sail, it signified China's capability to build mega-cruise ship and marked a significant milestone in the nation's maritime ambitions.

An emerging trend of compact luxury cruise ships in the marine industry

An emerging trend of compact luxury cruise ships in the marine industry

6 November 2023 — Several new cruise lines are adopting an underdog strategy, deviating from the trend of launching increasingly larger cruise ships with up to 10 000 people in passenger capacity. While giant ships are a short-term "cash cow" for operators, smaller ships are believed to have distinct long-term advantages.

China built its first cruise ship, initiating an ambitious plan to take a share of the multi-billion industry

China built its first cruise ship, initiating an ambitious plan to take a share of the multi-billion industry

6 October 2023 — After 3 years of hiatus caused by the COVID-19 restrictions, international cruise lines can now resume sailings from China. However, China has moved forward on a 10-year plan with its own cruise line, with the ambition to become a key player in this multi-billion-dollar industry.

Outlook on the Finnish marine industry

Outlook on the Finnish marine industry

13 May 2022 — Reddal's Marine Practice provided an outlook on the Finnish marine industry in light of recent geopolitical and global supply chain disruptions as an invited speaker at the Finnish Marine Industry Association's annual spring seminar.

China ambitions in cruise sets their agenda for full value chain – a potentially lucrative opportunity awaits

China ambitions in cruise sets their agenda for full value chain – a potentially lucrative opportunity awaits

22 December 2021 — Reddal was invited as a speaker to the Finnish Marine Industries Association (Meriteollisuus ry) international business session. We presented an update on the cruise ecosystem development in China, including views on cruise tourism, cruise ship building, and short- to mid-term opportunities.

Study: The Finnish marine industry - an emerging growth sector

Study: The Finnish marine industry - an emerging growth sector

16 September 2021 — A study conducted by Reddal for the Ministry of Economic Affairs and Employment of Finland highlights the importance of the holistic development of the entire Finnish marine industry.