|Japanese yards' newbuilding export ship contract in the first three months this year stood at 45 vessels of a cumulative 2.17m gt (0.93m cgt), down by 29% year-on-year, reported the Japan Ship Exporter’s Association (JSEA) on April 17.|
Japanese shipbuilding industry is struggling to win new orders from strong yen and lack of demand. In 2011, Japan's overall newbuilding export ship recorded 218 vessels of a cumulative 8.96m gt, below 10m gt for the first time in recent two years.
Troubled record is still no different this year. 2.17m-gt new order for export ship is similar to that from the same period last year.
Meanwhile, of those contracted in Q1, yen denominated orders remained 17%, while foreign exchanges-denominated at 71%, in terms of gross tonnage.
During March only, 21 vessels of a cumulative 1.12m gt have been contracted - one car carrier, 16 bulkers (three handys, six handymaxes, four panamaxes, one post-panamax, one capesize and one ore carrier), two VLCCs and two product carriers.
In terms of delivery, FY 2012 accounted for 1.2%, while FY 2013 of 44.6% and FY 2014 of 54.2%.
As of the end of March, orderbook for export newbuildings stood at 771 vessels of a cumulative 35.01m gt (15.47m cgt), down by 9.56m gt year-on-year.
In delivery terms, 398 vessels of a cumulative 18.03m gt by 2012, 249 vessels of 11.33m gt by 2013, 113 vessels of 5.14m gt by 2014 and 11 vessels of 0.51m gt by 2015.