Friday, September 28, 2012

[Ship Building] Special/Eco Ship order

[Ship Building] Special/Eco Ship order

As global economy does not seem to be improved, newbuilding ordering activity is expected to be on the down side, overall. But only limited new orders are reported in fuel-efficient eco-friendly bulkers and large boxships, as well as special ship, such as drillship, PCTC, shuttle tanker, etc.

The World Trade Organization (WTO) downgraded its view on the projected growth of world trade for 2012-2013 period last week - down to 2.5% from 3.7% for 2012 and 4.5% from 5.6% for 2013. Eurozone crisis, depression in the US and Japan, as well as controlled growth of China, etc., have been reflected.

Moreover, tightened ship financing market protracts, which restricts speculative orders.

As a result, only cash-rich owners are able to take advantage of favorably low prices and place orders for newly-developed Eco-designed vessels. Most of owners are looking into investment in non-traditional type market, such as drillship, PCTC, shuttle tanker, etc., along with fuel-efficient bulker, containership, etc.

Samsung Heavy Industries of Korea recently contracted two drillships and two shuttle tankers, while Dalian Shipbuilding Industry Co (DSIC) of China booked its first drillship. Daewoo-Mangalia Heavy Industries has inked an order for PCTC for the first time.

Clarkson Hellas said inquiry for latest-designed newbuildings is beginning to pick up in various sectors. Particularly, shipyards are eyeing for new orders in container market.

Published : September 27, 2012

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