Friday, July 8, 2011

Korean sweep box & LNG carriers


In its latest report, Clarksons said that “the newbuilding market continues to push forward and we have been seeing further reports of new business being concluded.

These reports have, as usual, been largely dominated by the container market, specifically with the news last week from Maersk announcing they had declared the first set of 10 options for 18,000 TEU containerships.

These are set to be built at DSME, and now brings the total number of vessels ordered in this series to twenty.

As we have discussed before, the Korean yards have had a very successful 1H of the year. The resurgent interest in Containerships, Offshore and LNG markets have seen the major Korean secure much of their forward orderbooks throughout 2013, filling out their earlier capacity and allowing them the future luxury over which projects to move forward on.

This is in stark contrast to China, wherein a lack of dry bulk ordering, a staple of the yards orderbook last year, has left many yards with a pressing need to fill their forward production lines.

Whilst there have been some notable successes in winning container orders, there remains too much early capacity at both the state and private yards and as such would expect a continued softening of pricing as we move into the second half of the year” said Clarksons.

Published : July 8, 2011

Source: Asiasis

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