Market Analysis Articles
Raw Material Prices
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...
Korean shipbuilders having a banner year so far
1H Newbuilding order intake of global shipbuilding industry is estimated to be 321 units at 23.8m dwt (9.2m cgt), showing 55% increase yoy in terms of dwt. According to Clarkson Research, in global tanker newbuilding order intake, small ...
Number of 'active' yards down by 62%
The number of 'active shipyards (with at least one unit of over 1,000 gt on order)' in the world was 934 in early 2009 when the current shipbuilding cycle was close to the peak. In early July, 2017, however, according to Clarkson Research, the nu...
Hyundai triplets enjoy 157% leap in orders
On July 18, Hyundai Heavy Industries (HHI) announced provisional data on its order tally in 1H as $2.254bn (KRW2.498trn), which is 15.9% decrease yoy. In the same period, Hyundai Mipo Dockyard (HMD) recorded $1.509bn, increasing 867.3% f...
VLCC orders tripple in 1H
In the first half of this year, orders for Very Large Crude Carrier (VLCC) increased three times compared with the previous year's total order volume. It reflects shipbuilders' expectation that freight rates will improve until 2019. According ...
Korean shipbuilders rank 2nd in the first half year
Korean shipbuilders ranked a close second in newbuilding order intakes in the first half year. According to Clarksons Research, China won the top place in newbuilding order tally through the first half of 2017 with 133 units at 2.9m cgt,...
Korean ship export 'record high'
Korea's exports increased by 13.7% in June compared to the same month last year. Especially ship export recorded the historic high with offshore plant deliveries. The Ministry of Trade, Industry and Energy of Korea announced on July 1 th...
Shipyards' hope rising with S&P market warmth
Second-hand vessel price, a leading indicator of newbuilding price is showing steady rise, arousing hopes for full-scale vessel price rise. According to Clarksons Research, the second-hand ship price index in the last week of June recorded 88p...
[1H Feature] Korean shipyards bolster new orders
While Korean shipbuilders took the first place in global newbuilding order intake in the first half year of 2017, each company showed clear recovery from the same time last year. With prominent order intake of tanker segment, gas carrier segment ...
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