Market Analysis Articles
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Japan yards see 70% decline in exports
It turned out that Japanese shipyards were awarded five new export orders (221,550 gt, 98,878 cgt) last April, representing a 70.5% year-on-year decrease (in gt terms). The five vessels are three bulkers (one Handysize, one Panamax and one Capesi...
China's shipyards get back in the operation
The China Association of the National Shipbuilding Industry (CANSI) released statistics on Chinese shipyard’s Jan-Apr business results on May 15. From January to April this year, shipyards in China completed newbuilds of 10.98m dwt, do...
Korea saw 60% downturn in ship exports
Korea logged $36.92bn (24.3% year-on-year decrease) of the export result, with $37.87bn of imports (15.9% y-o-y decline) and $6.9bn loss in the balance of trade in April. The Ministry of Trade, Industry, and Energy (MOTIE) explained that...
NB orders on increase for two months in a row
While shipyards in the world win newbuilds of a combined 1.14m cgt in April this year, China took the first place by winning 730,000 cgt (38 units, 64%), followed by Korea (230,000 cgt, eight units, 20%) and Russia (65,000 cgt, seven units, 6%). ...
FSO demand prevents the tanker market from collapsing
Analysts say that while the Floating, Storage and Offloading units (FSO) are preventing the collapse of the tanker market, long-term tanker ton-miles will show a 4% decrease. According to Clarksons Research, more than 100 very large crude oil ...
Domestic medium-sized orders increase 31% in 1Q
In the first quarter of 2020, the mid-sized shipbuilding industry's new order intakes and order sales in Korea has been risen by 31% and 8.5%, respectively (year-on-year). The share of orders in the global mid-sized shipping market has also expan...
Japan sees poor order intake in export ship
Japanese shipyards saw a 52% decline in their new export ship orders March (year-on-year). According to Japan Ship Exporter’s Association (JSEA), in March, shipbuilders in Japan were awarded 17 vessels of a combined 663,050-gt (around 318,74...
China sees overall decline in shipbuilding
The China Association of the National Shipbuilding Industry (CANSI) released statistics on Chinese shipyard's Jan-Mar business results on April 17. From January to March this year, shipyards in China completed newbuilds of 7m dwt, down b...
"Global 1Q NB orders stand at 90 only"
It turned out that global shipbuilding industry was awarded about 90 newbuilds only from January to March this year, which has been halved compared to 196 units booked during the same period of 2019. Such a weak order intake is expected to contin...
26% upturn seen in NB orders in March
While shipyards in the world win newbuilds of a combined 720,000 cgt in March this year, representing a 26% (570,000 cgt) year-on-year increase, China took the first place by winning 650,000 cgt (17 units, 90%), followed by Korea (300,000cgt, one...
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