Market Analysis Articles
Raw Material Prices
Korean ship export slowed down in May
Korea logged $50.98bn (yoy 13.5% increase) of export result, with $44.25bn of revenue (12.6% increase) and $6.73bn of profit (76th consecutive month) in May. According to the Ministry of Trade, Industry and Energy (MOTIE) of Korea, Korea expor...
Korea expects 38% decrease in delivery
Global shipyard output stood at 475 ships of a combined 30m dwt (11.9m cgt) in the four months. In the full year 2018, according to Clarkson Research, deliveries are forecast to reach 79m dwt, representing a 19% y-o-y decline compared to 2017...
Korean yards dominated gas ship orders
Global shipbuilding industry scored 252 units, 21.6m dwt (7.7m cgt) of orders for the first four months of 2018, representing a 22% year-on-year downturn in terms of annualized dwt. April has particularly been weak with only 40 units, 1.5m dwt of...
Recovery of NB order sales stops in April
The recovery trend of global new order sales market has weakened since April, while key shipyards are raising their ship prices amid rising material (steel plate, etc.) costs. In April, according to Clarkson Research, 40 vessels of a com...
30% y-o-y downturn in 1Q NB deliveries
Global shipyard output stood at 348 ships of a combined 22m dwt (8.6m cgt) in the three months that ended on March 31, down by more than 30% year-on-year in dwt terms, on an annualized basis. In full year 2018, according to Clarkson Research, ...
1Q NB orders post 15% y-o-y downturn
Global shipbuilding industry scored 186 units, 17.2m dwt (6.2m cgt) of orders for the first quarter of 2018, representing a 15% year-on-year downturn in terms of dwt. Considering that shipbuilders in the world posted as much as 134% y-o-...
Global orderbook shrank by 3%
Global newbuilding orderbook recorded 200.6m dwt (76.7m cgt, 3,047 units) at the end of March, which is slightly higher than a year ago but 3% lower compared to the beginning of the year in terms of dwt. As of the end of March, according to Cl...
Low completion of Chinese yards in Q1
Chinese yards are showing a slow pace with the comparably low level of completion in Q1 2018. According to CANSI, the accumulated order intake of the industry during the period recorded 15.53m dwt, which is yoy 180% increase. It is impressive ...
Japan records 21% hike in 1Q ship export orders
Japanese shipyards recorded a total of 56 units, 2.87m gt (1.22m cgt) of newbuilding orders in Q1 2018, which is yoy 21.3% increase in terms of gt. This is the highest record in two years in terms of the quarter, and bulker occupied most of the o...
Korea topped in Q1
Korean shipbuilding industry has secured the global top place in Q1 order intake pushing China away. According to Clarksons Research, Korea had scored 2.63m cgt during Jan-Mar period. This is significantly larger than China’s 1.96m cgt and Japa...
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