Market Analysis Articles
Raw Material Prices
Global scrapping market, ‘Active’
In February, global demolition ship market showed relatively active condition and scrap prices also turned out to have slightly increased. According to China Water Transport, 102 scrapped vessels of a combined 5.05m dwt were traded during Februa...
Chinese NB order·backlog ‘surge’
As global economy started to show an indication of recovery in January and February 2014, the Chinese government has aggressively provided policy supports while shipowners have kicked in fleet renewal programs through ship demolitions and so on. As a...
Chinese yard profits growing
In the year to February, the complete industrial gross production value of the China’s 87 shipbuilding and its related companies which are subject to be monitored were seen to go upwards by 9.2% year-on-year to CNY 50.09bn ($8bn). Of which, sh...
Chinese NB prices uptrend
Chinese newbuilding prices turned out to have continued uptrend in almost every vessel type during February. Statistic data of China Water Transport said that monthly average newbuilding prices of VLCC, Suezmax, Aframax, MR PC and etc. turned ou...
Chinese scrap price turnaround
In February 2014, China’s demolition prices turned out to have turned around to uptrend, ending the downtrend. According to China Water Transport, average scrapping prices of tankers in the range of 15,000-25,000 LDT, Product Carriers (PC) in ...
Major Chinese NB sales ‘Jump’
During the first two months of this year, newbuilding order intakes penned by China’s 54 shipbuilding companies which are subject to be monitored amounted to a combined 17.89m dwt, up by 232% comparing with the same time period a year ago while new...
Global NB orders declined 10%
During the first two months of 2014, global newbuilding orders were recorded at 22.80m dwt (312 vessels of 7.40m cgt), sharply increasing from 13.60m dwt seen from a year ago but marking downtrend by 10% on a yearly basis. According to Clarkson ...
Secondhand S&P market, ‘brisk’
During February, global secondhand vessel market showed relatively brisk condition and prices of secondhand bulker and tanker turned out to have increased while containership prices declined. According to China Water Transport, a total of 237 ve...
E&P spending to reach $214bn
As high oil prices have continued with increasing deepwater exploration since 2000s, the investment amount for offshore oil and gas Exploration & Production (E&P) turned out to have yearly grown by 12% on average. Pusan National Universi...
Shipping confidence hits highest level
Overall confidence levels in the shipping industry rose to their highest level for almost six years in the three-month period to February 2014, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moor...
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