Market Analysis Articles
Raw Material Prices
NB orderbook falls 14 months in a row
The global orderbook stands at 207.30m dwt (81.90m cgt, 3,481 units) as of the end of January, 2017, showing a 7% downturn in dwt terms compared to the end of last December, as well as continuing its decline for 14 consecutive months. Accordin...
Newbuilding order cliff to ease?
It has turned out that global shipbuilders' newbuilding orders declined sharply at the beginning of this year. According to Clarkson Research, the global shipbuilding industry's newbuilding orders totaled 31 vessels and 1.40m dwt (600,000 cgt)...
NB contracting lowest in 24 years
The new contracting in global shipbuilding industry dropped below a 20m gt level last year, showing a very poor record. According to IHS, there were 903 reported contracts signed in 2016 with a combined tonnage of 18.19m gt (10.59m cgt), down ...
Japan wins five ships in Jan
Last January, a reported five contracts of 168,100 gt were placed at Japanese shipyards. This shows a 44% upturn over the same period a year ago (in gt terms hereafter), however the number has remained at a single figure. According to Japan Sh...
"Slow recovery expected in boxship market"
It is expected that the global container shipping market will be well established for future improvement of its condition, depending on how well tonnage supply and demand are controlled. The Baltic and International Maritime Council (BIMCO) ha...
Korea topped in new order intakes
It emerged that Korean shipbuilders had a big lead over Chinese and Japanese shipyards in new order intakes for the first month of 2017. According to Clarksons, 31 contracts of a combined 600,000 cgt were reported at global shipbuilders ...
"TK market likely to be tough in 2017"
Global crude carrier shipping market is expected to be bearish generally this year due to the imbalance between supply and demand even though it showed signs of activity in the fourth quarter of 2016. It is also forecasted that freight rates will...
"BC orders expected to rise"
It is expected that there will be more new contracting this year than 2016, following an optimistic view on global dry bulk shipping market, which arose in the four quarter of 2016. It is also known that overall demand for bulk shipping has incre...
"Korea topped NB deliveries in world"
Over the past year, global shipyards delivered 1,633 newbuildings of a combined 100m dwt (34.50m cgt) in total, up by 3% year-on-year in dwt terms. According to Clarkson Research, tanker delivery recorded 33.10m dwt (381 units) during 2016, up...
Japan holds 2nd rank in orderbook list
Global shipbuilders' orderbook reaches 223.30m dwt (86.20m cgt, 3,669 units) as of the end of December, 2016, showing a 29% downturn in dwt terms, as well as a 28% downturn in numerical terms compared to a year ago. Driven by steady delivery volu...
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