Friday, November 16, 2012

[Ship Building] European order-intakes rise

European order-intakes rise

In the face of a continued shipbuilding depression, October saw a total of 1.4m dwt orders contracted in the world, down by 32% month-on-month.

While Korean and Chinese shipyards ink shrinking amount of new orders, Japanese and European shipbuilders made relatively successful outcome.

According to Clarkson data, Korean shipyards inked newbuildings totalling 0.18m cgt in October, massively dropped by around 70% against the previous month, and Chinese' new order remained at 0.54m cgt.

Korean shipyards booked mainly for high-value offshore related units/vessels last month, but Chinese contracted mostly for commercial ship. However, Chinese shipbuilders are also gaining orders in offshore segments, including PSV, deep-sea tender barge, etc.

Meanwhile, European shipbuilders contracted 0.46m cgt just in October, more than those contracted in Korea and increased from 0.17m cgt in September.

Since European shipyards raked in all of cruise ship orders - Fincantieri of Italy inked two cruise ships from Carnival and Meyer Werft of Germany booked one from Norwegian Cruise Line.

Moreover, there are steady orders placed at European shipyards, such as AHTS, PSV, offshore installation supply vessel, etc.

Japanese shipbuilders also saw a satisfactory new orders in October, totalling about 0.16m cgt.

Imabari Shipbuilding and Shin Kurushima Dockyard contracted a pair of PCTCs each from compatriot shipowner NYK and Kawasaki Heavy Industries booked 82,200-cbm VLGC from K Line. Also, Universal Shipbuilding inked an order for one handysize ice-breaking bulker from Fednav of Canada.

Meanwhile, during the first ten months of this year, Chinese shipyards contracted cumulative of 6.11m cgt, more than 5.67m cgt inked by Koreans.

Published : November 15, 2012

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