Friday, April 6, 2012

Ordering plunges: Q1



Only 199 newbuildings have been contracted during the first quarter, 2012. Q1 recorded the lowest since the second quarter of 2009, when 98 vessels contracted.

According to Clarksons, quarterly average contracts have been 536 vessels since 1996 and 412 vessels, even after the fourth quarter of 2008, when the global financial crisis occurred.

Meanwhile, South Korean shipbuilders have maintained the first place in new order in March for three months consecutive, having contracted 22 vessels of a cumulative 0.5m cgt last month, accounting for 42% of global newbuildings contracted in fleet terms.

It was cut by over half from 1.06m cgt in February, the largest amount in recent six months. However, in last month, China contracted just 29 vessels of a cumulative 0.41m cgt.

Therefore, in the Q1, Korean shipbuilders topped in quarterly new order with contracts for 60 vessels of a cumulative 1.93m cgt, 51% of global new order of 3.8m cgt. However, Korean booked 4.08m cgt in Q1 2011, centering on ultra-large containerships and drillships.

In Q1 2012, China and Japan recorded 73 vessels of a cumulative 1.05m cgt and eight vessels of a cumulative of 0.15m cgt, respectively.



Published : April 6, 2012

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