Market Analysis Articles
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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 ...
Korean shipbuilders lead in the first-half year
Korean shipbuilders took the first place in ship and offshore facilities newbuilding order intake in the first half of this year. Hyundai Heavy Industries (HHI) alone won as many as 73 vessels, and Samsung Heavy Industries (SHI), with two larg...
Global orderbook decline 17% y-t-d
Global shipbuilders' orderbook totaled 3,156 vessels and 186.40m dwt (76.20m cgt) as of the end of May, 2017, which is a decline of 17% compared to the early this year. The 40% of the orderbook is expected to be delivered within this year. Acc...
VLCC contracts gaining ground
The condition of global shipbuilding market is still sluggish even though it is picking up slightly compared to a historic recession in 2016. In this situation, contracting activities in very large crude carrier (VLCC) sector is significantly gai...
China NB orders fall 31% Jan-May
Newbuilding orders awarded at Chinese shipbuilding industry in January - May 2017 fell by 31% year-on-year to 9.86m dwt. However, in May, the shipbuilders saw a year-on-year increase of 400% to 3.20m dwt. According to CANSI data, newbuil...
Japan wins 9 newbuildings in May
Japanese shipbuilders recorded only nine newbuildings (326,050gt) for export in May, up 12% year-on-year. According to the Japan Ship Exporters' Association (JSEA), Japanese shipbuilders won a total of 9 newbuildings (326,050gt) for expo...
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