Market Information
20 LNGCs ordered in 1Q only
It turned out that orders for at least 20 LNG carriers were placed at Korean, Chinese and Russian shipyards for the first quarter of 2019.  According to broker and consulting industry source, as well as TradeWinds, 16 of the newbuilds are...
2019-04-26 16:27:12
Offshore O&G investment to jump in 2019
Halliburton of the US forecasts that this year's investment in offshore oil & gas segment will grow sharply.  The one of the world's largest oil field service companies has recently announced its 1Q business results, expecting total g...
2019-04-26 16:26:54
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...
2019-04-12 15:55:29
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...
2019-04-12 15:55:09
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...
2019-04-05 16:01:43
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...
2019-03-29 15:56:31
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...
2019-03-22 16:09:19
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...
2019-03-15 15:15:37
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...
2019-03-15 15:15:16
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...
2019-02-28 16:24:59
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