Market Analysis Articles
Raw Material Prices
JSEA: 'export increase by 10%'
Japanese shipyards’ new export ship orders by May this year accounted to a total of 80 units, 3.9m gt (1.67m cgt), improving 10% from the same time last year in terms of gt. This was relatively weak from 1Q yoy improvement. According to JSEA...
Korea monopolized gas ship deal by May
The global shipbuilding industry has scored a total of 337 units, 29m dwt (10.1m cgt) of newbuilding orders for the first five months of 2018, representing a 17% year-on-year downturn in terms of annualized dwt. According to Clarkson Res...
Korean ship export slowed down in May
Korea logged $50.98bn (yoy 13.5% increase) of export result, with $44.25bn of revenue (12.6% increase) and $6.73bn of profit (76th consecutive month) in May. According to the Ministry of Trade, Industry and Energy (MOTIE) of Korea, Korea expor...
Korea expects 38% decrease in delivery
Global shipyard output stood at 475 ships of a combined 30m dwt (11.9m cgt) in the four months. In the full year 2018, according to Clarkson Research, deliveries are forecast to reach 79m dwt, representing a 19% y-o-y decline compared to 2017...
Korean yards dominated gas ship orders
Global shipbuilding industry scored 252 units, 21.6m dwt (7.7m cgt) of orders for the first four months of 2018, representing a 22% year-on-year downturn in terms of annualized dwt. April has particularly been weak with only 40 units, 1.5m dwt of...
Recovery of NB order sales stops in April
The recovery trend of global new order sales market has weakened since April, while key shipyards are raising their ship prices amid rising material (steel plate, etc.) costs. In April, according to Clarkson Research, 40 vessels of a com...
30% y-o-y downturn in 1Q NB deliveries
Global shipyard output stood at 348 ships of a combined 22m dwt (8.6m cgt) in the three months that ended on March 31, down by more than 30% year-on-year in dwt terms, on an annualized basis. In full year 2018, according to Clarkson Research, ...
1Q NB orders post 15% y-o-y downturn
Global shipbuilding industry scored 186 units, 17.2m dwt (6.2m cgt) of orders for the first quarter of 2018, representing a 15% year-on-year downturn in terms of dwt. Considering that shipbuilders in the world posted as much as 134% y-o-...
Global orderbook shrank by 3%
Global newbuilding orderbook recorded 200.6m dwt (76.7m cgt, 3,047 units) at the end of March, which is slightly higher than a year ago but 3% lower compared to the beginning of the year in terms of dwt. As of the end of March, according to Cl...
Low completion of Chinese yards in Q1
Chinese yards are showing a slow pace with the comparably low level of completion in Q1 2018. According to CANSI, the accumulated order intake of the industry during the period recorded 15.53m dwt, which is yoy 180% increase. It is impressive ...
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