Market Analysis Articles
Raw Material Prices
Korea prevailed in VLCC market
The global shipbuilding industry has scored a total of 525 units, 41.1m dwt (15.2m cgt) of newbuilding orders during the Jan-Jul period of 2018, representing a 17% year-on-year downturn in terms of annualized dwt, and 3% in terms of cgt. The tota...
CANSI reveals China’s Jun-Jul result
According to the data, Chinese shipyards completed newbuildings of a combined 21.81m dwt for the period, down by 26.8% yoy. On the other hand, they were awarded new vessels of 24.04m dwt, representing an 81.6% upturn. As of the end of Ju...
HSHI soaring in global yard ranking
Global newbuilding orderbook recorded 198.9m dwt (76m cgt, 3,000 units) at the end of July, which is 6% lower compared to the beginning of the year in terms of dwt. The number means a slight yoy improvement in terms of dwt, whereas 14 years low i...
Korea dominated July order game
The Korean shipbuilding industry has stacked the thickest order record in the world between January and July 2018. According to Clarkson Research, Korea took the number one place in July competition, winning almost half of the whole orders (2....
Chinese yards see profitability down in 1H
For the first half of 2018, Chinese shipbuilding industry experienced falling deliveries and profitability against a year ago, but saw an increase in order cover and new order intakes. According to the China Association of the Nati...
Korean LNGC streaming global LNG trade
While global LNG trade volume is rising steeply, Korean shipbuilders are likely to maintain a strong dominance in LNG-related markets. Steve Gordon, Managing Director of Clarkson Research Services Limited said through a recent report that “g...
NB deliveries show decline in 1H
It turned out that global shipbuilders delivered 691 newbuildings of a combined 45.3m dwt (17.3m cgt) in the first half of this year, down by 7% (in terms of dwt) over the same period a year ago. The whole output in full year of 2018 is projected...
Shipbuilders keep consuming orderbook
Global newbuilding orderbook recorded 198.7m dwt (75.3m cgt, 3,017 units) at the end of June, which is 11% lower compared to the beginning of the year in terms of the number of units (6% lower in terms of dwt). As of the end of June, according...
Korea targets No.1 in 2018 NB market
1H Newbuilding order intakes of global shipbuilding industry stood at 441 units at 35.1m dwt (12.3m cgt), showing 16% decrease y-o-y in terms of dwt. However, Korean shipyards have done much excellent work, taking the No. 1 place in dwt, cgt and ...
Japan's 1H export ship down by 2%
It turned out that Japan's cumulative ship export orders from January to June stand at 98 (4.44m gt, 1.96m cgt), down by 2.4% from the same period of 2017. Compared to the first quarter, Japanese shipbuilders' order intakes showed a down...
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