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Korean output accounts for 37% of global NB deliveries
For the first 10 months of 2016, global shipyards delivered 1,410 vessels of a combined 86.90m dwt (29.60m cgt), up by 6% year-on-year in an annualized dwt terms. According to Clarkson Research, it is expected that 101.60m dwt newbuildings wil...
Global NB orders rock bottom since 1980s
From January to October this year, global newbuilding orders recorded 359 vessels of a combined 24.8m dwt (9.6m cgt), showing a 73% year-on-year decrease in dwt terms and representing the lowest number of new orders since the 1980s. Till...
Cruise ship orderbook reaches highest
Global newbuilding orderbook reached 241.90m dwt (91.30m cgt, 3,876 units) as of the end of October 2016, representing a 23% decrease in dwt terms as well as a 24% decrease in numerical terms compared to early this year. While downturn in orde...
Chinese shipyards face severe order cliff
Chinese shipbuilders have faced a severe cliff in newbuilding orders amid depression of global shipping industry. According to the China Association of the Naional Shipbuilding Industry (CANSI), China recorded new orders of 310,000 dwt i...
Japan NB sales fell sharply by 96%
Last October, only three vessels of 124,800 gt were reported in Japanese shipbuilders' new export ship orders, showing a 96.4% decrease (in terms of gt) compared to the previous month. According to Japan's local industry, in particular, ...
Korea's orderbook reaches lowest in 13 years
It emerged that newbuildings Korean shipbuilders were awarded last October included 10 crude carriers only. Also, their backlog reached the lowest level in 13 years and two months. According to Clarkson Research, 30 vessels of 880,000 cg...
Old panamax boxship scrap level surges
While global newbuilding delivery showed increases since this year, ship scrapping level was also high. It turns out that mid-size containership scrapping activity, especially old panamaxes, has been brisk. For the first nine months of 2016, g...
Korea topped in NB deliveries
Newbuilding orders have continued to the worst stagnate throughout the international shipbuilding industry this year. For the nine opening months of 2016, according to IHS data, the number of global ship orders declined by around 75% year-on-year...
Korean ship exports up by 49% y-o-y
The Minister of Trade, Industry & Energy of Korea (MOTIE) has announced that Korea's exports in October declined 3.2% year-on-year to $41.9bn while its imports declined 5.4% y-o-y to $34.8bn and the trade balance was a surplus of $7.2bn, maki...
China continues slowdown in new order intakes
Chinese shipbuilders recorded new order intakes of 650,000 dwt last September, representing about 80% year-on-year decrease. According to the National Shipbuilding Industry (CANSI), new orders they signed for the opening nine months of 2...
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