Market Analysis Articles
Raw Material Prices
Korean yards account 28% of 1Q NB orders
Chinese shipyards ranked No.1 position in 1Q global new order intakes with 2.58m cgt (106 units) awarded, which accounts for 45% of the entire contracting of 5.73m cgt (196 units). Korean shipbuilders came in second place with 1.62m cgt (35 units...
Ship exports see uptrend in Mar
The Korean whole industry exported $47.11bn (down by 8.2% year-on-year) and imported KRW 41.89bn (down by 6.7% y-o-y) last March, achieving the 86th consecutive profitable month with a trade balance of $5.22bn. According to the Min...
China sees poor order intakes
For the first two months of 2019, vessels of a combined 6.37m dwt were delivered from Chinese shipbuilding industry, down by 3.9% year-on-year, the China Association of the National Shipbuilding Industry (CANSI) has recently announced. C...
Yards see poor NB order sales in Feb
It turned out that, for the first two months of 2019, 101 vessels of combined 8.5m dwt and 3m cgt were contracted in the world, representing a 41% year-on-year decline in dwt terms. According to Clarkson Research, such a huge downturn in globa...
184% up in Japan's ship export deliveries
Japanese shipbuilders have seen a 20% year-on-year decrease in their new orders for exports last February, with a total of 13 vessels (710,000 gt, 280,000 cgt) awarded. Last month, according to the Japan Ship Exporters' Association...
Korea dominated February amid market slowing down
The Korean shipbuilding industry dominated February’s shipbuilding order intake with 90% of market share, while the overall global ordering growth is slowing down. Clarksons Research reported that among 700,000-cgt (15 units) of newbuildings...
Korean ship exports down in Jan-Feb
Korean ship exports reached KRW 2.011bn and KRW 1.317bn in January and February this year, respectively, down by 17.8% and 46.5% year-on-year. According to the Ministry of Trade, Industry and Energy (MOTIE) of Korea, such a decline...
Japan sees 46% upturns in ship exports
Shipbuilders in Japan posted 14 units of a combined 670,000 gt (280,000 cgt) in their new export orders in January 2019, up by about 46% year-on-year in gt terms. For the last month, according to the Japan Ship Exporters' Association (JSEA), s...
42% of global orderbook to be delivered in 2019
Global newbuilding orderbook recorded 206.3m dwt (79.6m cgt, 3,111 units) at the end of January this year, which is 4% lower compared to a year ago in terms of cgt. Of the current orderbook, 42% in cgt terms is scheduled to be delivered by the en...
Korea ranked No.2 in NB orders
While the growth of new order intakes in global shipbuilding industry slows down in January 2019, prices of vessels in which Korean shipyards have strength (including LNG carrier) continuingly rise. According to Clarkson Research, ...
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