Market Analysis Articles
Raw Material Prices
Uncommitted LNGCs on orderbook are 1/4
It turned out that over a quarter of all LNG carriers that are being built at global shipyards are uncommitted. Tristan Jones participated in Madrid LNG & Shipping Forum held in Spain. And he disclosed that 26% or 31 of the 120 LNG newbuil...
Korea keeps top place in global NB orders
Korean shipbuilding industry won over two thirds of newbuilds ordered last October (30 vessels of a combined 1.04m cgt), holding down the top spot in global new order sales for four consecutive months. In new ship orders accumulated from...
Plenty of idle ships can enter into service immediately
Even though the global orderbook in the tanker sector could record a multi-decade low, still hundreds of inactive tankers are ready to enter into service immediately. According to industry sources and TradeWinds, the number of idle ships over ...
Korea’s big 3 in difficult situation
It turned out that Korea's big three shipbuilders are having difficulty achieving their 2020 order targets against the backdrop of prolonged order drought and COVID-19 outbreak. According to Clarksons Research’s monthly World Shipyard Monito...
Japan sees 11% y-o-y upturn in NB exports
Last September, 16 vessels of 939,500 gt (374,400 cgt) were reported in Japanese shipbuilders' new export ship orders, showing a 11.3% year-on-year increase (in terms of gt). For the first nine months of 2020, however, Japanese shipyards saw a 26...
China sees sharp declines in NB orders
The China Association of the National Shipbuilding Industry (CANSI) revealed statistics on Chinese shipyard’s January-September performance results on September 16. From January to September this year, shipyards in China completed newbuilds ...
Global orderbook hits rock bottom in 30 years
Global shipyards’ orderbook hits rock bottom since 1989. Also, it is expected to drop further. According to industry source and TrdeWinds, global shipyards’ orderbook to global fleet ratio is just 7.4% Also, Clarksons Research analyst T...
Korean shipyards saw new orders on strong won
It is expected that Korean shipbuilders suffer from dwindling orders may get some orders from shipowners later this year due to strengthening Korean currency against the U.S. dollar. Analysts anticipated those ship owners will rush to order befor...
Japan yards’ new export orders up by 4.6%
In August this year, the Japanese shipbuilding industry received new export contracts for nine vessels of a combined 579,400 gt and 246,279 cgt, up by 4.6% year-on-year in gt terms. The nine vessels are two containerships, five bulkers (three cap...
Korea again ranks No.1 in global NB orders
While the global shipyards won 48 newbuilds of a combined 480,000 cgt in September this year, Korean ones were awarded 230,000 cgt (6 units, 48%) and China’s shipyards secured 240,000 cgt (13 units, 49%). It seems that the two countries receive...
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