Market Information
Yard negotiating power, 'rising'
Amid newbuilding orders having halved globally over the past five years, newbuilding price has been settled in a favorable way to shipowners mainly. However, it turns out that shipyards are gaining more negotiating power, backed by a newbuildin...
2014-05-19 10:28:38
Chinese “entered recovery mode”
Chinese shipbuilding industry is suggested that it is slowly entering recovery phase with escaping a five-year recession prolonged since global financial crisis in 2008.  The China Association of the National Shipbuilding Industry (CANS...
2014-05-19 10:26:01
Yards profitability worsen drastically
In 2013, it turned out that performance of Korean shipbuilding industry got deteriorated amid slightly decreased profitability of domestic enterprises.  According to 2013 Financial Statement Analysis published by the Bank of Korea on Ap...
2014-05-19 10:23:39
NB orders surpass $25bn in Q1
During the first quarter of this year, global bulker and tanker markets still struggled but shipowners turned out to have been more active in newbuilding investment than secondhand purchase. According to shipbroker Golden Destiny, secondhand pur...
2014-04-29 19:11:09
NB Orders Flooding, Gain or Loss?
While China's JES International Holdings has recently won gigantic newbuilding orders for 18 Capesize bulkers and 8 Newcastlemax ships, industry players are worried that recovering supply-demand balance may take a hit from newbuilding deluge of late....
2014-04-29 19:08:43
Expectation lowers for offshore profitability
The anticipated profitability of offshore industry reportedly keeps falling down while the number of competitors is constantly increasing amid a weakening demand for offshore drilling and production structures. Park Moo-Hyun, an analyst of E*Tra...
2014-04-29 19:07:55
Korea leads eco-ship order intake
It is suggested that Korean yards’ ability to build eco-design ships is evolving with widening the gap with rival countries. Also, shipowners are said to be paying for Korea’s authorized and evolving eco-design. Analyst Park Moo-Hyun at E*Tr...
2014-04-29 19:05:42
Demolition volume to fall 15%
During the first quarter this year, 205 old vessels of a combined 8.7m dwt have been sold for scrap and it is expected that annual volume of a total of 40m dwt will be sent to scrapping facility for the year. The average age of a demolished ship redu...
2014-04-29 19:04:48
NB orderbook grow by 17%
As of the end of March, 2014, newbuilding orderbook of global shipbuilding industry appears to have grown up by 17% against a year ago to 299m dwt (5,086 vessels or 108m cgt), According to Clarkson Research, orderbook of VLCC, which saw new cont...
2014-04-29 19:03:41
2014 NB deliveries to fall
Global newbuilding delivery has amounted to total 25.2m dwt (442 vessels) during the first quarter of the year with delivering 8.3m dwt (126) in March. According to Clarkson Research, it is expected that Global newbuilding delivery in this year ...
2014-04-29 19:02:48
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