Market Analysis Articles
Raw Material Prices
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. ...
Japan’s January: all bulkers
Japanese shipbuilding industry recorded eight units, 460,000gt (180,000cgt) of order intake in January 2018. In terms of units, the order intake returned to single-digit number in eight months since last year’s May, while it is still yoy 176% i...
Three pillars of Korea have thinner orderbook
Global newbuilding orderbook recorded 197m-dwt (76.5m cgt, 3,110 units) at the end of January, which is the lowest in terms of units since October 2003, and also 3% decrease from last month in terms of units and dwt. As of the end of January, ...
BIMCO: economic growth supporting shipping
BIMCO announced its macroeconomic analysis on February 19, stating that shipping will benefit from global economic growth. The following is the analysis. The International Monetary Fund (IMF) has published its World Economic Outlook for Januar...
"Last crisis comes in 2018-19"
A Korean industrial expert forecasted that this year will mark the last crisis in shipbuilding industry which has gone through tough time for 10 years since the global financial crisis began. Yang Jong-Seo, a Senior researcher from...
[Feature] Yards’ 2018 goals
"Setting 41% higher target" Exiting from the worst phase of order drought in 2017, Korean shipbuilding industry is planning to accelerate the pace of recovery with more orders. Last year, Korean industry led global merchant vessel market es...
BIMCO released 2018 prospect
On January 4, BIMCO released 2018 prospect for the shipping industry: In 2018, the dry bulk sector is likely to improve the fundamental market balance further, if operational speeds do not increase. For the container shipping sector, the impro...
Korean Big 3 took lion’s share
From the beginning of the year through November, global order intake of shipbuilding industry recorded 725 units at 59.7m dwt (19.5m cgt), which is yoy 106% increase in terms of annualized dwt. According to Clarkson Research’s December repor...
Korea accounts for 34% in global NB deliveries
It turned out that shipyard in the world delivered 1,314 new ships of a combined 87.90m dwt (29.4m cgt) from January to October this year. Total deliveries in October stood at 59 vessels of 3.5 m dwt, the lowest monthly delivery level so far this...
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