Market Analysis Articles
Raw Material Prices
Korea topped NB orders in Feb
Global shipbuilding industry saw a total of 1.74m cgt, 45 units of newbuilding orders in February 2018, representing a 39% downturn against a month ago. According to Clarkson Research, Korea took 0.91m cgt among the total, which accounts...
Korea occupied 42% of total 2017 orders
2017 saw 43.1m gt (21.5m cgt, 1,297 units) of ships ordered, which is 2.3 times more than 2016, according to IHS interim data. It seems global major shipping companies trying to take advantage of attractive ship price had driven the order hike...
Fewer ships delivered in January
In January, global yards had delivered a total of 152 units, 12m dwt (4.2m cgt) of ships, which is 30.6% decrease in terms of dwt from last year’s 244 units, 17.3m dwt. Estimated total delivery of 2018 is 78.8m dwt, which is also yoy 19% dec...
Two-digit growth of Korean ship export
In February, Korea exported $44.88bn, which is yoy 4.0% increase. The import was $41.57bn, which means yoy 14.8% increase. Korea posted a trade surplus of $3.31bn in February, which is 73rd consecutive month of profit. February stand fir...
2018 newbuilding starts smooth sailing
Global shipbuilding industry scored 63 units, 7m dwt (2.3m cgt) of orders in January, which is yoy 9% growth in terms of dwt. It can be seen as a good start compared to 2015’s yoy 53% decrease, 2016’s 92% decrease, and 2017’s 39% decrease. ...
Japan’s January: all bulkers
Japanese shipbuilding industry recorded eight units, 460,000gt (180,000cgt) of order intake in January 2018. In terms of units, the order intake returned to single-digit number in eight months since last year’s May, while it is still yoy 176% i...
Three pillars of Korea have thinner orderbook
Global newbuilding orderbook recorded 197m-dwt (76.5m cgt, 3,110 units) at the end of January, which is the lowest in terms of units since October 2003, and also 3% decrease from last month in terms of units and dwt. As of the end of January, ...
BIMCO: economic growth supporting shipping
BIMCO announced its macroeconomic analysis on February 19, stating that shipping will benefit from global economic growth. The following is the analysis. The International Monetary Fund (IMF) has published its World Economic Outlook for Januar...
"Last crisis comes in 2018-19"
A Korean industrial expert forecasted that this year will mark the last crisis in shipbuilding industry which has gone through tough time for 10 years since the global financial crisis began. Yang Jong-Seo, a Senior researcher from...
[Feature] Yards’ 2018 goals
"Setting 41% higher target" Exiting from the worst phase of order drought in 2017, Korean shipbuilding industry is planning to accelerate the pace of recovery with more orders. Last year, Korean industry led global merchant vessel market es...
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