Friday, October 26, 2012

[Ship Building] Chinese Doldrums Continue

Chinese Doldrums Continue

In September, China's total delivery of civilian steel ship declined by 34.1% year-on-year and by 5.3% month-on-month and total delivery from January to September dropped by 12.8% comparing with the same period of last year.

During the first eight months of this year, Chinese shipbuilders' overall delivery stood at 37.83m dwt, down by 12.4% year-on-year, while growth rate of total amount of export ships, during the same period, turned out to be -1.9%.

BDI increased by 8.96%, BCI, BHSI, BDT and BCTI also rose by 38.31%, 2.83%, 3.51% and 10.5% each, while BPI and BSI declined by 42.18% and 3.15%, respectively.

Market players voiced up to warn additional decrease in newbuilding prices. Overall, most of ship types saw decreases by around $1m against early of the month.

Meanwhile, Chinese shipyards are facing crisis of further decreases in newbuilding prices and new order, many industry insiders believe.



Published : October 26, 2012


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