Market Analysis Articles
Raw Material Prices
Chinese yards' orderbook dropped by 31%
Chinese shipyards are continuingly seeing declines in their new order intakes and backlog. According to the China Association of the National Shipbuilding Industry (CANSI), Chinese shipbuilders' orderbook stands at 80.28m dwt as of July ...
Tanker demolition exceeds last year's
Demolition volume of tankers is already past 2016 level. According to the UK ship broker Alibra Shipping, 24% of the tankers weighed in this year have been sold by Greek owners, a sharp rise from their 10% contribution in 2016. The br...
Japan soars 227% in July export ship deal
In July, Japanese shipbuilders soared with a three-figure yoy increase in ship export deals. This is the 7th consecutive month that they have achieved a better result than the same time period last year. According to recent statistics fr...
Korea recovers 1st place in July
The Korean shipbuilding industry beat China and reclaimed the top spot in the global newbuilding competition in July this year. According to Clarksons Research, Korea ranked first in July with a total of 306,000 cgt (9) in newbuilding or...
Global newbuilding orderbook is drying up
At the end of June (or beginning of July), 2017, global newbuilding orderbook recorded 185.9m dwt (76.1m cgt, 3,140 units), which is 16% decrease by units and 17% by dwt since the start of this year. The result can be seen as a result of weak NB ...
Chinese shipbuilding industry frowned in 1H
Chinese shipbuilding industry made 29% yoy decrease in 1H 2017 in newbuilding order intakes. There was brief good moment in bulker orders with bulker charter rates upturn, but the overall result was worse than even H1 2016, when the shipyards exp...
Korean shipbuilders having a banner year so far
1H Newbuilding order intake of global shipbuilding industry is estimated to be 321 units at 23.8m dwt (9.2m cgt), showing 55% increase yoy in terms of dwt. According to Clarkson Research, in global tanker newbuilding order intake, small ...
Number of 'active' yards down by 62%
The number of 'active shipyards (with at least one unit of over 1,000 gt on order)' in the world was 934 in early 2009 when the current shipbuilding cycle was close to the peak. In early July, 2017, however, according to Clarkson Research, the nu...
Hyundai triplets enjoy 157% leap in orders
On July 18, Hyundai Heavy Industries (HHI) announced provisional data on its order tally in 1H as $2.254bn (KRW2.498trn), which is 15.9% decrease yoy. In the same period, Hyundai Mipo Dockyard (HMD) recorded $1.509bn, increasing 867.3% f...
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 ...
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