Market Analysis Articles
Raw Material Prices
China takes 41% share of global NB deliveries
It emerged that a total of global shipyard output from January to July, 2017, stood at 1,003 vessels of a combined 68.60m dwt (22.60m cgt). In July only, particularly, 105 vessels of a combined 8.20m dwt reported delivered throughout the world, c...
NB orders show 76% yoy increase
2017 newbuilding order intake of global shipbuilding industry through July is estimated to be 409 units at 31.4m dwt (11.3m cgt), showing 76% yoy increase in annualized basis. According to Clarkson Research, annualized global tanker newb...
“Steady delivery and drying orderbook”
Global shipbuilders so far this year have delivered a steady amount of ships while recording poor results of order intake, draining orderbook overall. From the beginning of this year, newbuilding delivery has stayed in high place so far ...
NB investment up by 58% y-o-y
The global shipbuilders' newbuilding activities have still been maintained at a low ebb this year even though they are getting better slightly compared to 2016. However, the shipbuilders' order value is showing a rising trend. So far this year...
Chinese yards' orderbook dropped by 31%
Chinese shipyards are continuingly seeing declines in their new order intakes and backlog. According to the China Association of the National Shipbuilding Industry (CANSI), Chinese shipbuilders' orderbook stands at 80.28m dwt as of July ...
Tanker demolition exceeds last year's
Demolition volume of tankers is already past 2016 level. According to the UK ship broker Alibra Shipping, 24% of the tankers weighed in this year have been sold by Greek owners, a sharp rise from their 10% contribution in 2016. The br...
Japan soars 227% in July export ship deal
In July, Japanese shipbuilders soared with a three-figure yoy increase in ship export deals. This is the 7th consecutive month that they have achieved a better result than the same time period last year. According to recent statistics fr...
Korea recovers 1st place in July
The Korean shipbuilding industry beat China and reclaimed the top spot in the global newbuilding competition in July this year. According to Clarksons Research, Korea ranked first in July with a total of 306,000 cgt (9) in newbuilding or...
Global newbuilding orderbook is drying up
At the end of June (or beginning of July), 2017, global newbuilding orderbook recorded 185.9m dwt (76.1m cgt, 3,140 units), which is 16% decrease by units and 17% by dwt since the start of this year. The result can be seen as a result of weak NB ...
Chinese shipbuilding industry frowned in 1H
Chinese shipbuilding industry made 29% yoy decrease in 1H 2017 in newbuilding order intakes. There was brief good moment in bulker orders with bulker charter rates upturn, but the overall result was worse than even H1 2016, when the shipyards exp...
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