Market Analysis Articles
Raw Material Prices
Japan records 21% hike in 1Q ship export orders
Japanese shipyards recorded a total of 56 units, 2.87m gt (1.22m cgt) of newbuilding orders in Q1 2018, which is yoy 21.3% increase in terms of gt. This is the highest record in two years in terms of the quarter, and bulker occupied most of the o...
Korea topped in Q1
Korean shipbuilding industry has secured the global top place in Q1 order intake pushing China away. According to Clarksons Research, Korea had scored 2.63m cgt during Jan-Mar period. This is significantly larger than China’s 1.96m cgt and Japa...
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...
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