Market Information
Chinese new orders retain uptrend
In this year to May, Chinese shipbuilding and related industry have retained uptrends in newbuilding order and orderbook with downtrend in delivery.  According to China Association of the National Shipbuilding Industry (CANSI), Chinese sh...
2014-06-25 17:45:12
Chinese NB orders keep falling
During May this year, Chinese shipbuilding industry won newbuilding orders for 51 vessels of a combined 996,000 cgt, which is down by 22.5% month-on-month and 53.6% year-on-year. According to Clarkson data, over the last 12 months, Chinese y...
2014-06-25 17:42:33
NB delivery in downward trend
For the first five months of 2014, 244 global shipyardsdelivered 747 newbuildings of a combined 39.70m dwt (14.80m cgt, $38.4bn). Clarkson Research said that a total of 96.90m dwt newbuildingsare estimated to be delivered this year, which is d...
2014-06-25 17:41:28
2014 economy to grow 3.8%
The Korea Institute for Industrial Economics Trade (KIET) expected a rate of economic growth to come at 3.8% this year. KIET forecastedthrough its "2014 prospect for economy and industry" on June 18 that GDP growth rate wouldincrease to 3.8%, up ...
2014-06-25 17:40:35
NB price index keeps rising
In this year to May, global newbuilding orders amounted to 52.50m dwt (800 units of a combined 17.70m cgt), down by 23% year-on-year on an annualized basis, but orders for several vessel types, such as LPG carrier, Suezmax crude carrier, luxuriou...
2014-06-25 17:39:41
'Over-ordering’ again in 2H?
In shipbuilding industry, there are mounting interests in if new orders would boost from the second half of the year while slow activity has continues from the second quarter in global newbuilding market where recovery trend was seen a year ago. ...
2014-06-25 17:38:52
Chinese NB prices keep uptrend
Chinese newbuilding prices turned out to have increased slightly during May compared to the previous month. According to Chinese local statistics, average newbuilding prices of tankers such as VLCC, Suezmax, Aframax, MR PC, came at $95.95m, $6...
2014-06-25 17:36:32
NB market keeps slowing down
It has turned out that newbuilding market in May had maintained its slow status amid ship price uptrend resulting from low ship price continued from the second half of last year to the beginning of the year. It is suggested that the slowdown has ...
2014-06-10 17:20:13
Nigeria to cultivate national offshore industry
Amid active condition in Nigerian offshore oil and gas development projects, Patrick Akpobolokemi, Director General of the National Maritime Administration and Safety Agency (NIMASA), emphasized that one of the key effects of establishing a shipy...
2014-06-10 17:19:06
Greek shipowners' active NB investment
Greek ship owners are not only the most active nation when it comes to sales and purchases, they are also investing the most in newbuilding contracts. Since 2010, contracts made by owners in Greece have totalled USD 51 billion, consistently dwarf...
2014-06-10 17:17:59
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