Market Analysis Articles
Raw Material Prices
"Slow recovery expected in boxship market"
It is expected that the global container shipping market will be well established for future improvement of its condition, depending on how well tonnage supply and demand are controlled. The Baltic and International Maritime Council (BIMCO) ha...
Korea topped in new order intakes
It emerged that Korean shipbuilders had a big lead over Chinese and Japanese shipyards in new order intakes for the first month of 2017. According to Clarksons, 31 contracts of a combined 600,000 cgt were reported at global shipbuilders ...
"TK market likely to be tough in 2017"
Global crude carrier shipping market is expected to be bearish generally this year due to the imbalance between supply and demand even though it showed signs of activity in the fourth quarter of 2016. It is also forecasted that freight rates will...
"BC orders expected to rise"
It is expected that there will be more new contracting this year than 2016, following an optimistic view on global dry bulk shipping market, which arose in the four quarter of 2016. It is also known that overall demand for bulk shipping has incre...
"Korea topped NB deliveries in world"
Over the past year, global shipyards delivered 1,633 newbuildings of a combined 100m dwt (34.50m cgt) in total, up by 3% year-on-year in dwt terms. According to Clarkson Research, tanker delivery recorded 33.10m dwt (381 units) during 2016, up...
Japan holds 2nd rank in orderbook list
Global shipbuilders' orderbook reaches 223.30m dwt (86.20m cgt, 3,669 units) as of the end of December, 2016, showing a 29% downturn in dwt terms, as well as a 28% downturn in numerical terms compared to a year ago. Driven by steady delivery volu...
"New orders lowest in 20 years"
In 2016, the global newbuilding orders totaled 480 vessels, or 27.4m dwt (11.2m cgt), a 76% decrease year-on-year in terms of dwt, the lowest level in over 20 years. The number of shipbuilders that succeeded in winning orders for new vessels (1,0...
"Imabari lands 2nd position in orderbook"
In orderbook ranking by country in global shipbuilding industry as of the end of 2016, Korea fell to the third place, yielding its second position to Japan. In orderbook ranking by global shipbuilding group also, Hyundai Heavy Industries finished...
China shipyard orderbook fell below 100m dwt
Amid global shipping industry suffering a huge downturn, Chinese shipbuilding industry’s combined orderbook stood below 100m dwt as of the end of 2016. Except for order sprees for VLOC awarded from domestic shipowners in March and Apri...
Japanese export ship orders lowest in 24 years
Japanese shipbuilders recorded only eight newbuildings of 484,800 gt in new export ship orders signed in December, which is down 80% compared to the same month of the previous year and last year's annual order marked the lowest in 24 years. Ac...
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