Market Analysis Articles
Raw Material Prices
Korea, NB orders doubled
Amid great recovery seen in global newbuilding order last year, new orders awarded at Korean shipyards turned out to have almost doubled compared to the previous year. Global newbuilding orders placed in 2013 totaled 48.66m cgt (2,206 units of...
Chinese BC orders surge
While newbuilding price uptrend in global shipbuilding industry maintained in December last year, new orders for bulker awarded at Chinese yards turned out to have greatly increased. According to data from China Water Transport, monthly average ...
Chinese scrap prices maintained
In December, 2013, China’s demolition prices turned out to have maintained the level recorded the previous month. According to China Water Transport, average scrapping prices of tankers in the range of 15,000-25,000 LDT, Product Carriers (PC) ...
NB passed "absolute bottom"
It is suggested that newbuilding contracts for as many as more than 2,000 commercial ships were signed in 2013 with 1,500 secondhand vessels traded globally, resulting in a turning point of crisis from stagnant market condition. Ship broker In...
Japanese NB orders jump 80%
During the period from January to December, 2013, Japanese yards contracted a total of 362 newbuildings of 14.62m gt (6.84m cgt) for export, which is 80% up against the previous year in GT terms. According to a report recently released by Japan ...
Japanese delivery down to ‘90s
Five Japanese shipbuilders of heavy industries turned out to have posted 87 vessels of a combined 4.56m gt in newbuilding delivery during a period from January to December, 2013, down by 12 vessels and 15% in GT terms year-on-year. It has been 1...
Large boxship order ‘historic high’
For the past year, new orders for large containership (Post-panamax) over 8,000 teu range are calculated to hit a record high. According to ship broker Clarksons, a total of around 80 Post-panamax containerships were newly ordered in 2013. Indus...
Koreans to Reap 10% More
Korean shipyards are anticipated to keep showing an indication of recovery in new orders in 2014 despite depression in shipping industry. Analyst Yang Jong-Seo at Overseas Economic Research Institute of the Export-Import Bank of Korea (KEXIM) sa...
Chinese overcapacity continues
The problem of surplus shipbuilding capacity in Chinese shipbuilding industry seems to need at least another five years to be resolved. President Zhang Guangqin of the China Association of the National Shipbuilding Industry (CANSI) said that Chi...
ROV spending to reach $2.5bn
Visiongain, January 6, 2014 - Remotely operated vehicles (ROVs) are an integral part of almost all underwater activity conducted by the energy industry. The offshore industry of today could not function without them as ROVs perform crucial installati...
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