Market Analysis Articles
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Korean shipping companies seek Chinese yard
Of the 20 vessels ordered by Korean shipping companies this year, seven vessels are built domestically while the remaining 13 vessels are built at Chinese shipyards. The proportion of orders placed in the domestic market is 35%, much lower than t...
HHI wins back 1st place in group orderbook
Global shipbuilders' orderbook totaled 3,290 vessels and 192.10m dwt (78.20m cgt) as of the end of April, 2017. The amount (in dwt terms) showed a 14% downturn against the beginning of the year, representing the lowest record since 2004 also. ...
Japan export ship order up 223%
Japanese shipbuilders have recorded more than three digits from the same month last year in export ship orders in April this year, and monthly contracts outperformed the previous year for the fourth consecutive month. According to the Japan Sh...
Korea tops newbuilding orders in April
Global newbuilding orders in April dropped sharply from the previous month, but Korea achieved the largest number of new orders among shipbuilding nations. Accoridng to Clarkson Research, global newbuilding orders in April totaled 750,00...
Korea reaches record high in ship exports
Korea posted the second highest exports ever last April, with an all time high of ship exports. The Ministry of Trade, Industry and Energy (MOTIE) of Korea announced on May 1 that Korean exports reached $51bn (provisional) last April, up by 24...
Global NB delivery slightly up in 1Q
Newbuilding delivery of global shipbuilders during the first three months of 2017 totaled 436 vessels and 32.7m dwt (9.9m cgt), up 3% from the same period last year. However, the annual delivery in 2017 is expected to be 92m dwt, 8% less than the...
World's orderbook plummeted by 31%
Global newbuilding orderbook stood at 3,363 units, 195.40m dwt (79.70m cgt) as of the end of March this year, showing a sharp decrease of 31% year-on-year. The March figure also showed a 3.5% drop against the previous month. According to Clark...
Korea 1Q NB orders surge 75%
As of the first quarter of this year, global newbuilding market has shown signs of getting over stagnation and especially Korean shipbuilders are experiencing strong gains of new orders. According to Clarkson Research's April report, global sh...
LNGC deliveries delayed in succession
It emerged that agreements have recently been made in succession between shipowners and shipbuilders for delaying the delivery of new LNG carriers. According to LNG World Shipping, over the last eight weeks, postponements in the delivery...
China's order intakes dropped by 25%
Despite the current rebound trend in global shipping market, recovery is hardly seen in China's shipbuilding industry. The country has continuingly seen poor order intakes and a decrease in backlog, with weak industrial output and main economic i...
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