Tuesday, October 23, 2012

[Ship Building] Newbuild prices fall faster

Newbuilding prices are falling much faster than last year.

The Clarkson Newbuilding Price Index stood at 126.8 points at the end of September, down by 0.3p against the previous month. In the first nine months of 2012, the index has dropped by 10.4p, comparing with a decline of 1.7p during the same period in 2011.
[Ship Building] Newbuild prices fall faster

Meanwhile, according to Clarkson, at the end of September, the global orderbook stood at 4,760 vessels of a combined 275.2m dwt, 95.2m cgt. Amid depressed ordering activity and record-high delivery, the orderbook declined by 24.9% since the end of 2011 in numerical terms and by 29.7% in dwt terms.

In the first nine months of the year, a total of 1,955 vessels of a combined 124.7m dwt and 37m cgt have hit the water. Particularly, a total of 978 bulkers of a cumulative 81.3n dwt have entered service and it is projected that 110m dwt will be delivered during the full year 2012, for the first time on record that more than 100m dwt will be delivered.

Meanwhile, Hudong-Zhonghua Shipyard of China delivered its sixth LNG carrier "SHEN HAI" (147,100 cbm) to China LNG Shipping International in September.

From January to September, 960 vessels of a cumulative 44.1m dwt were sold for scrap, exceeding 2011's full year volume of demolition sales, 42.4m dwt and replacing last record annual demolition volume of 42.6m dwt, set in 1985. It is expected that full year 2012 will see 57m dwt of demolition volume.

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Published : October 22, 2012

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