Market Analysis Articles
Raw Material Prices
'Ship prices showing steady improvement'
The Korean shipbuilding industry swept 42% (540,000cgt, 10 units) of the newbuilding orders in August, claiming top place four months in a row. According to Clarksons Research, Korea is leading the world also in the accumulated numbers. New...
Japan lowers steel demand from shipbuilders
The Japan Shipbuilders' Association (SAJ) turns out to have lowered its forecasts for steel demand in its compatriot shipbuilding industry. The association has recently expected that its member shipbuilders will need ordinary carbon stee...
Korea topped in August NB orders
10 units of 540,000 cgt have been reported contracted at Korean yards last August, sporting a big lead over Chinese (14 units of 320,000 cgt) and Japanese ones (eight units of 180,000 cgt). With this, according to Clarksons Research, Korean ya...
Korean ship exports' downturn continued
Korea logged $51.2bn (8.7% y-o-y increase) of the export result, with $44.3bn of imports (9.2% y-o-y increase) and $6.9bn surplus in balance of trade (for 79th consecutive months) in August. The Ministry of Trade, Industry, and Energy (M...
Japan's poor export ship orders continued
Japan's new export ship orders stands at 18 units of a combined 580,000 gt (300,000 cgt) in total last July, down by 41% year-on-year in terms of gt. Shipyards in the country has seen poor order intakes from the second quarter after showing an up...
Korea sees 41% downturn in NB deliveries
It emerged that a total of global shipyard output from January to July 2018 stood at 804 vessels of a combined 51.50m dwt (19.70m cgt), representing 27% and 16% year-on-year downturn in dwt and cgt terms, respectively. It is also expecte...
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....
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