Monday, October 15, 2012

"600-odd yards to disappear"

"600-odd yards to disappear"

It has been four years since the shipbuilding orderbook reached its peak at 11,305 vessels in September 2008, the same month that Lehman Brothers filed for bankruptcy protection.

According to Clarkson Research, there were 955 active shipyards then, an increase from 354 yards at the start of 2000.

But at the start of October this year global newbuilding order backlog totalled just 4,795 vessels.

The number of active newbuilding yards has also fallen to 538, a decrease of over 40% in the past four years.

Furthermore, Clarkson data shows that 240 of the yards that had active orders at the start of 2012 do not have vessels with a delivery date past the end of the year.

"By the time we reach the bottom of the cycle we could see the number of active shipyards return to preboom levels," Clarkson forecast.


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{C}{C}Published : October 11, 2012


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