Market Analysis Articles
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Global orderbook decline 17% y-t-d
Global shipbuilders' orderbook totaled 3,156 vessels and 186.40m dwt (76.20m cgt) as of the end of May, 2017, which is a decline of 17% compared to the early this year. The 40% of the orderbook is expected to be delivered within this year. Acc...
VLCC contracts gaining ground
The condition of global shipbuilding market is still sluggish even though it is picking up slightly compared to a historic recession in 2016. In this situation, contracting activities in very large crude carrier (VLCC) sector is significantly gai...
China NB orders fall 31% Jan-May
Newbuilding orders awarded at Chinese shipbuilding industry in January - May 2017 fell by 31% year-on-year to 9.86m dwt. However, in May, the shipbuilders saw a year-on-year increase of 400% to 3.20m dwt. According to CANSI data, newbuil...
Japan wins 9 newbuildings in May
Japanese shipbuilders recorded only nine newbuildings (326,050gt) for export in May, up 12% year-on-year. According to the Japan Ship Exporters' Association (JSEA), Japanese shipbuilders won a total of 9 newbuildings (326,050gt) for expo...
Korea topped NB orders two months in a row
Against a backdrop of increasing new ship orders all around the world, Korean shipyards have topped global order intakes for two consecutive months. For the first five months this year, also, they beat Chinese shipbuilders and were ranked number ...
Japan accounts for the largest orderbook
Japanese shipowners have achieved the global top across all owner nationalities, in terms of gt. Clarkson Research said through the recent report, "Following the boom in ordering preceding the global economic downturn, the orderbook stood at i...
1Q NB order intakes poorer year on year
In the first three months of 2017, there have been newbuilding contracts for ships of a combined 4.95m gt reported placed globally, down by 30% year-on-year. It represents poorer results than even 2016 when the worst order intakes ever were recor...
Prices of main ship types rebounded
After a severe order drought, the condition of Korean shipbuilding industry is starting to show signs of recovery on the strength of the rising prices of main ship types. After an increase in bulker prices last month, according to Clark...
Korea ranked No.1 in NB delivery
Newbuilding delivery of global shipbuilders during the first four months of 2017 totaled 556 vessels and 39.3m dwt (12.60m cgt), slightly up from the same period last year. However, the annual delivery in 2017 is expected to be 94.60m dwt, 6% les...
China NB orders fall 52% Jan-Apr
Newbuilding orders awarded at Chinese shipbuilding industry in January - April 2017 fell by 52% year-on-year to 6.65m dwt. According to CANSI data, newbuilding delivery of Chinese shipyards during the four months period increased by 72% to 18....
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