Market Analysis Articles
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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...
Idle boxship capacity decreases sharply
It emerged that the capacity of idle containership has sharply been lowered against a backdrop of rising charter rates for containership. The UK ship broker Affinity Research has recently conveyed that the idle list has been reduced by 0.1m te...
Japanese export ship orders surge
Japanese shipbuilders have been successful in winning new orders for two-digit number of export vessels in March this year that it is said the Japanese shipbuilding industry hit the bottom. It turns out that they have exceeded 1 million tons (GT)...
"VLCC order tally passes 2016 total"
JP Morgan has raised a warning that the amount of VLCCs ordered this year has already exceeded the total newbuilding orders in 2016. According to JP Morgan, as Daewoo Shipbuilding & Marine Engineering has recently won orders for three VLCC...
Clarkson lowered its forecast of new order intakes
Clarkson Research has recently lowered its forecast for new ship orders which will be placed from 2018. Compared to the previous prospect presented last September that the global shipbuilding industry will enter a improved situation constantly fr...
Korea wins 22 NBs in 1Q
A total of 22 orders of a combined 890,000 cgt have been reported placed at Korean shipbuilders from January to March this year, up more than four times against a year ago. However, there are overriding opinions that the increase is seemingly sig...
Offshore rig operating rates rebound
It is noteworthy that the offshore drilling facility utilization rate has rebounded in four years in the wake of the ongoing drop in global oil prices, which led to the loss of orders for offshore facilities and the delayed delivery of existing o...
China still needs more new orders
Chinese shipbuilders are seeing an upturn in new ship contracting early this year on the strength of a slight recovery trend in the global shipping industry. However, a decrease in their backlog still continues while the overall industry conditio...
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