Market Analysis Articles
Raw Material Prices
Japan shows strength despite orderbook downturn
The global newbuilding orderbook stood at 3,452 units, 202.60m dwt (81.20m cgt) as of the end of February this year, a decrease of around 30% against a year ago. Clarkson Research reported that the decline in the orderbook comes from the weakn...
Global NB orders almost doubled
In this year to February, newbuilding order intakes of global shipyards recorded 68 vessels of a combined 3.4m dwt (1.8m cgt), increasing by around two times year-on-year on an annualized basis in dwt terms. According to Clarkson Research, ord...
Japanese export ship orders up
The number of ships won by Japanese shipbuilders for export has remained at a single figure last February also. According to Japan Ship Exporters' Association (JSEA), its compatriot shipyards were awarded a total of nine new ships (654,700 gt)...
Global NB sales double in February
Global shipbuilding industry's new shipbuilding orders in February 2017 doubled from the previous month. According to Clarkson Research, newbuilding orders in February totaled 1.21m cgt, or 34 vessels. This was more than doubled from Jan...
Korea NB deliveries down by 16% in Jan
It turned out that global shipyards delivered 222 newbuildings of a combined 17m dwt (5m cgt) in total, up by 37% year-on-year in dwt terms in January this year. It is also the highest level of deliveries recorded in the first month of the yea...
NB orderbook falls 14 months in a row
The global orderbook stands at 207.30m dwt (81.90m cgt, 3,481 units) as of the end of January, 2017, showing a 7% downturn in dwt terms compared to the end of last December, as well as continuing its decline for 14 consecutive months. Accordin...
Newbuilding order cliff to ease?
It has turned out that global shipbuilders' newbuilding orders declined sharply at the beginning of this year. According to Clarkson Research, the global shipbuilding industry's newbuilding orders totaled 31 vessels and 1.40m dwt (600,000 cgt)...
NB contracting lowest in 24 years
The new contracting in global shipbuilding industry dropped below a 20m gt level last year, showing a very poor record. According to IHS, there were 903 reported contracts signed in 2016 with a combined tonnage of 18.19m gt (10.59m cgt), down ...
Japan wins five ships in Jan
Last January, a reported five contracts of 168,100 gt were placed at Japanese shipyards. This shows a 44% upturn over the same period a year ago (in gt terms hereafter), however the number has remained at a single figure. According to Japan Sh...
"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...
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