Market Analysis Articles
Raw Material Prices
China, “Stable Development in 2013”
For Chinese shipbuilding industry, the year of 2013 was somewhat difficult time when they responded to new international regulation policies related to ship and so on, still being affected by global financial crisis, however overall, it is evaluated ...
Chinese profit keeps falling
During the period from January to November, 2013, Chinese shipbuilding and related companies over certain sizes totaled 1,664 and operating profits of these turned out to have recorded CNY 600.1bn ($99.2bn), down by 3.6% year-on-year. Of which, ...
Korean S&Ms, 'Slow Streaming'
Korean medium- and small-sized shipbuilders are estimated that they might not reach a new order record posted last year when sharp recovery was seen in new contracts. Senior researcher Yang Jong-Seo of the Overseas Economic Research Institute at...
Koreans smooth sailing in Jan.
During January 2014, newbuilding contracts awarded at global shipbuilders were calculated at 3.70m cgt (153 newbuildings of 12.69m dwt) and, of which, Korean yards bagged orders of 1.68m cgt (6.53m dwt). The global newbuilding orders turned out to ha...
Commercial ship orders skyrocketed
Global newbuilding orders placed in 2013 are estimated to be valued at $103.8bn, which represents an increase of 16% compared to a year ago. According to Clarkson Research, value of bulker orders stood at $26.2bn, greatly increasing from $9.5bn ...
Merchant ship orders on recovery
In 2013, global newbuilding orders were recorded as 2,206 vessels of a combined 48.70m cgt, sharply growing from 1,440 vessels signed the previous year. And top three commercial vessels like bulker, tanker and containership, turned out to have led th...
Ship & Offshore to Rebound in Q4
Shipbuilding business is estimated to be turning to recovery around the fourth quarter of this year, finishing long contracted conditions seen since 2007. Gyeongnam Branch Office from the Bank of Korea (BOK) prospected as above through ‘Examin...
Tanker demolition “10-year high”
In 2013, global tanker demolition posted its historic high since 2003, proving large scrapping activities carried out during the year. According to data from ship broker Gibson, tankers demolished during last year reached 12.60m dwt, up by 800,0...
2013 NB orders on steep rise
During the year of 2013, global newbuilding orders rose by 165% year-on-year to 144.80m dwt (2,206 units, 48.70m cgt) from 54.50m dwt recorded the previous year. Values of new orders totaled at $103.8bn in 2013, which represents a 16% year-on-ye...
2013 NB deliveries plummet
Global newbuilding delivery recorded 107.60m dwt (2,003 units, 36.60m cgt) in 2013, down by 30.4% year-on-year. Clarkson Research said that Chinese yards delivered 43.30m dwt newbuildings (12.90m cgt) while Korean and Japanese delivered 33.40m d...
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