Market Analysis Articles
Raw Material Prices
"New orders lowest in 20 years"
In 2016, the global newbuilding orders totaled 480 vessels, or 27.4m dwt (11.2m cgt), a 76% decrease year-on-year in terms of dwt, the lowest level in over 20 years. The number of shipbuilders that succeeded in winning orders for new vessels (1,0...
"Imabari lands 2nd position in orderbook"
In orderbook ranking by country in global shipbuilding industry as of the end of 2016, Korea fell to the third place, yielding its second position to Japan. In orderbook ranking by global shipbuilding group also, Hyundai Heavy Industries finished...
China shipyard orderbook fell below 100m dwt
Amid global shipping industry suffering a huge downturn, Chinese shipbuilding industry’s combined orderbook stood below 100m dwt as of the end of 2016. Except for order sprees for VLOC awarded from domestic shipowners in March and Apri...
Japanese export ship orders lowest in 24 years
Japanese shipbuilders recorded only eight newbuildings of 484,800 gt in new export ship orders signed in December, which is down 80% compared to the same month of the previous year and last year's annual order marked the lowest in 24 years. Ac...
Glut of boxship tonnage likely to continue
Containership shipping market would see a delay in recovery trend this year on the strength of new vessel delivery spree which appears after being postponed last year amid poor market condition. According to Clarkson Research, Total cont...
No value for old vessels to be retrofitted
It turned out that half of global shipowners think 15 or more than 15 years old ships have no commercial value to be retrofitted in accordance with environmental regulations. UBS, a global investment bank, conveyed through an online survey tha...
KOR·CHN·JPN won 40 ships only in 2016
Among shipbuilders in Korea, China and Japan, the number of the ones which made newbuildings sales results in 2016 was 40 only. According to data of Banchero Costa, only six shipbuilders succeeded in winning new orders (40 units in total...
“Many gloomy records reported in 2016”
In 2016, the newbuilding contracts recorded the lowest level in 35 years and BDI reached its historic lows. While global shipbuilding and shipping conditions recorded many gloomy records last year, higher volume of bulker tonnage changing hands w...
Korean orderbook reached lowest in 13 years
The orders seal up at Korean shipbuilders have dropped to the worst level in 13 years and six months. They have lost the No.1 position to Japanese shipyards in orderbook ranking in 17 years since 1999 and fallen to the third place. According t...
Sungdong labor union to enter strike
Sungdong Shipbuilding & Marine Engineering branch of Korean Metal Workers' Union (KMWU) announced on January 10 that it plans to hold a demonstration, starting at Headquarters of the Export-Import Bank of Korea (Korea Eximbank, a main credito...
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