Market Analysis Articles
Raw Material Prices
Jan-Feb yard output sees 32% y-o-y downturn
Global shipyard output stood at 249 ships of a combined 17.1m dwt (6.2m cgt) in the first two months of 2018, representing a 32% downturn year-on-year in dwt terms. Full year 2018 deliveries are estimated to be 78.7m dwt in total, which ...
China pouring orders into logbook
Chinese shipbuilding industry is showing a heavy yoy growth in Jan-Feb period in 2018. According to CANSI, the accumulated order intake of the industry during the period recorded 12.29m dwt, which is yoy 456% increase. In the same period, the ...
DSME reclaimed global second place
Global newbuilding orderbook recorded 199.7m dwt (77m cgt, 3,065 units) at the end of February, which is around 4% lower than a year ago and 2% lower compared to the beginning of the year in terms of dwt. As of the end of February, according t...
PwC: optimism growing in market
There’s an unfamiliar atmosphere in the executive offices of many oil and gas companies these days – an atmosphere of optimism. For the first time since crude prices nosedived in 2014, a majority of oil and gas industry CEOs surveyed for PwC...
Japan sees ship exports doubled in Feb
It turned out that 16 units of a combined 900,000 gt (350,000 cgt) were contracted last February for exports in Japan, up by 37% against a year ago (in gt terms, the rest is the same as above). Compared to January when a poor start was seen, ship...
Korea topped NB orders in Feb
Global shipbuilding industry saw a total of 1.74m cgt, 45 units of newbuilding orders in February 2018, representing a 39% downturn against a month ago. According to Clarkson Research, Korea took 0.91m cgt among the total, which accounts...
Korea occupied 42% of total 2017 orders
2017 saw 43.1m gt (21.5m cgt, 1,297 units) of ships ordered, which is 2.3 times more than 2016, according to IHS interim data. It seems global major shipping companies trying to take advantage of attractive ship price had driven the order hike...
Fewer ships delivered in January
In January, global yards had delivered a total of 152 units, 12m dwt (4.2m cgt) of ships, which is 30.6% decrease in terms of dwt from last year’s 244 units, 17.3m dwt. Estimated total delivery of 2018 is 78.8m dwt, which is also yoy 19% dec...
Two-digit growth of Korean ship export
In February, Korea exported $44.88bn, which is yoy 4.0% increase. The import was $41.57bn, which means yoy 14.8% increase. Korea posted a trade surplus of $3.31bn in February, which is 73rd consecutive month of profit. February stand fir...
2018 newbuilding starts smooth sailing
Global shipbuilding industry scored 63 units, 7m dwt (2.3m cgt) of orders in January, which is yoy 9% growth in terms of dwt. It can be seen as a good start compared to 2015’s yoy 53% decrease, 2016’s 92% decrease, and 2017’s 39% decrease. ...
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