Market Analysis Articles
Raw Material Prices
Tanker demolition “10-year high”
In 2013, global tanker demolition posted its historic high since 2003, proving large scrapping activities carried out during the year. According to data from ship broker Gibson, tankers demolished during last year reached 12.60m dwt, up by 800,0...
2013 NB orders on steep rise
During the year of 2013, global newbuilding orders rose by 165% year-on-year to 144.80m dwt (2,206 units, 48.70m cgt) from 54.50m dwt recorded the previous year. Values of new orders totaled at $103.8bn in 2013, which represents a 16% year-on-ye...
2013 NB deliveries plummet
Global newbuilding delivery recorded 107.60m dwt (2,003 units, 36.60m cgt) in 2013, down by 30.4% year-on-year. Clarkson Research said that Chinese yards delivered 43.30m dwt newbuildings (12.90m cgt) while Korean and Japanese delivered 33.40m d...
Chinese NB orders skyrocket
The Ministry of Industry and Information Technology (MIIT) of China announced major performance record of 2013 posted by Chinese shipbuilding industry. During last year, Chinese yards delivered 45.34m dwt newbuildings, down by 24.7% year-on-year...
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...
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