Market Analysis Articles
Raw Material Prices
NB market in ‘Wait-and-See’ mode
Amid recent slowdown in global newbuilding orders, shipowners are said to be closely observing the uptrend of newbuilding prices suggested by yards with ‘wait-and-sea’ attitude. Ship broker Golden Destiny said that global newbuilding o...
Shipping BSI rises m-o-m
Business Survey Index (BSI) of shipping industry released by Korea Maritime Institute (KMI) recorded 70 in March 2014, up by 7pt month-on-month. The BSI of shipping industry was derived from a survey of 142 member owners registered at Kore...
FPS market to hit $35bn by 2018
Source: MarketsandMarkets Analysis Global offshore floating production system (FPS) market is prospected to greatly grow to $35.4bn by 2018. MarketsandMarkets forecasted through a report "Floating Production Systems Market By Types (FPS...
Chinese ship export down in February
Since this year, China turned out to have experienced downtrend in both export and import of vessel. According to the General Administration of Customs of China, China’s ship exports during January to February of 2014 came to $4.42bn, 7% down ...
NB orderbook '1st fall in months'
As of late March 2014, newbuilding orderbook of global shipbuilding industry is said to have stopped continued uptrend and turned around to downtrend. During the first quarter of 2014, Korean shipbuilders recorded a rise of 19% of their new contracts...
“NB prices to rise 10% in 2014”
In this year to date, global newbuilding prices have kept growing and a further 10% increase is expected following last year’s uptrend. French ship broker Barry Rogliano Salles (BRS) anticipated that this year’s newbuilding prices would rise...
BC fleet enters “Resting phase”
As global bulker fleet has recorded continuous growth and its number hit 10,000 units as of January 2014, the fleet growth is expected to slow and finally enter ‘resting period’. According to Clarkson, the number of global bulker (>10,000...
Global NB orders slow in March
Amid slowdown in global newbuilding orders last month, newbuilding contracts of Korean shipbuilders also greatly shrunk in March compared to a year ago. According to Clarksons, Korean shipyards signed new orders of a combined 430,000 cgt (13 uni...
Korea sealed $12bn newbuilds in Q1
During the first quarter of this year, Korean shipyards turned out to have recorded $12bn new orders in shipbuilding and offshore plant sectors. Hyundai Heavy Industries (including Hyundai Samho Heavy Industries) inked around $5.5bn worth new co...
Offshore E&P, ‘Temporarily Slows’
There is a growing interest in how declined utilization rate of offshore drilling facility and reduced exploration expenses of energy companies affect Korean companies’ performance in offshore plant contracts. Global Core Research Center for...
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