Market Information
NB orders on decrease by 59%
While shipyards in the world win newbuilds of a combined 570,000-cgt (27 units) in May this year, China took the first place by winning (270,000-cgt, 13 units, 47%), followed by Korea (230,000-cgt, eight units, 40%) and Japan (50,000-cgt, two uni...
2020-06-11 09:08:58
Korea's ship exports risen by 36% in May
South Korea's exports fell by 23.7% to $34.86bn in May 2020 (year-on-year). Imports also fell by 21.1% to $ 34.42bn.    Exports slowed slightly from 25.1% drop in April, marking the second straight month of the drop in the 20% range. ...
2020-06-09 09:13:42
Japan yards see 70% decline in exports
It turned out that Japanese shipyards were awarded five new export orders (221,550 gt, 98,878 cgt) last April, representing a 70.5% year-on-year decrease (in gt terms). The five vessels are three bulkers (one Handysize, one Panamax and one Capesi...
2020-06-03 09:18:52
China's shipyards get back in the operation
The China Association of the National Shipbuilding Industry (CANSI) released statistics on Chinese shipyard’s Jan-Apr business results on May 15.  From January to April this year, shipyards in China completed newbuilds of 10.98m dwt, do...
2020-05-27 09:08:48
Korea saw 60% downturn in ship exports
Korea logged $36.92bn (24.3% year-on-year decrease) of the export result, with $37.87bn of imports (15.9% y-o-y decline) and $6.9bn loss in the balance of trade in April.  The Ministry of Trade, Industry, and Energy (MOTIE) explained that...
2020-05-12 09:07:14
NB orders on increase for two months in a row
While shipyards in the world win newbuilds of a combined 1.14m cgt in April this year, China took the first place by winning 730,000 cgt (38 units, 64%), followed by Korea (230,000 cgt, eight units, 20%) and Russia (65,000 cgt, seven units, 6%). ...
2020-05-08 09:14:38
FSO demand prevents the tanker market from collapsing
Analysts say that while the Floating, Storage and Offloading units (FSO) are preventing the collapse of the tanker market, long-term tanker ton-miles will show a 4% decrease. According to Clarksons Research, more than 100 very large crude oil ...
2020-05-07 09:09:02
Domestic medium-sized orders increase 31% in 1Q
In the first quarter of 2020, the mid-sized shipbuilding industry's new order intakes and order sales in Korea has been risen by 31% and 8.5%, respectively (year-on-year). The share of orders in the global mid-sized shipping market has also expan...
2020-05-07 09:07:10
Japan sees poor order intake in export ship
Japanese shipyards saw a 52% decline in their new export ship orders March (year-on-year). According to Japan Ship Exporter’s Association (JSEA), in March, shipbuilders in Japan were awarded 17 vessels of a combined 663,050-gt (around 318,74...
2020-05-04 09:10:24
China sees overall decline in shipbuilding
The China Association of the National Shipbuilding Industry (CANSI) released statistics on Chinese shipyard's Jan-Mar business results on April 17.  From January to March this year, shipyards in China completed newbuilds of 7m dwt, down b...
2020-04-27 09:12:36
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