Market Analysis Articles
Raw Material Prices
Chinese NB price uptrend
Chinese newbuilding prices turned out to have continued uptrend during January, according to the local shipbuilding industry. Statistic data of China Water Transport said that monthly average newbuilding prices of VLCC, Suezmax, Aframax, MR PC a...
NB orders surpass “100m GT”
Newbuilding orders of global shipbuilding industry turned out to have surpassed 100m gt in 2013 for the first time in five years after global financial crisis in 2008. According to IHS data, global newbuilding orders were recorded as 103.88m gt ...
FPU Capex in Downtrend
In the next five years, a total of $136bn financing is prospected to be invested in the purchase of offshore floating production/processing/storage facility, from this year. According to IMA, during the period from 2014 to 2018, 101 Floating Pro...
“Cautious Optimism” for FPS
Over the next five years from this year to 2018, between 128-199 Floating Production Systems (FPS) are anticipated to be ordered globally. Energy Maritime Associates (EMA) recently released 2014-2018 Floating Production Systems Outlook Report on...
Chinese scrap prices slightly fell
In January, 2014, China’s demolition prices turned out to have declined by a small margin. According to China Water Transport, average scrapping prices of tankers in the range of 15,000-25,000 LDT, Product Carriers (PC) in 6,000-10,000 LDT ran...
BC orders stood out in 2013
In 2013, a total of 955 bulkers were globally ordered, showing active newbuilding performance unlike what was previously expected. According to Clarksons data, bulker newbuilding orders recorded 955 units in 2013, 158% up year-on-year, driving r...
Overcapacity, ‘The Biggest Threat’
Since 2013 when global shipowners and investors resumed active newbuilding investment, fleet overcapacity is said to be the biggest threat to “fragile recovery”, according to a survey result. After a historically large number of newbuildings...
Yard capacity cut 20%, “Enough?”
Global shipbuilding industry has seen its center move from the UK, which once built 60% of ships around the world, to Europe, Japan and Korea over a century and now China is taking a considerable amount of market share. Clarksons focused on the ...
Korea, No.1 Order Winner
Korean shipbuilding industry took the world’s No.1 position with having bagged newbuilding contracts of around 3.13m cgt (87 vessels) worth $7bn during the first two months of this year. According to Clarkson Research, Korea’s two rivals, Ch...
NB market keeps recovering
During January 2014, 153 newbuildings of a combined 12.70m dwt (3.70m cgt) were ordered, continuing recovery trend seen from last year. According to a report released from Clarkson Research Services on January 18, new orders were placed last mon...
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