South Korea's Hyundai Mipo Dockyard (HMD), STX Offshore & Shipbuilding and SPP Shipbuilding are leading medium-range newbuilding market, amid depression in global shipbuilding market due to diminished ship financing and ordering.
According to Clarksons, in the first three months, a total of 199 newbuildings were contracted, mainly for offshore plant, MR product carrier and LPG carrier.
It turns out that HMD, STX, SPP contracted massive MR newbuildings.
As of the end of April, STX is known to have inked a total of 38 vessels, $2.2bn, including MR PCs, bulkers, LNG/LPG carriers, etc., while STX OSV books orders for offshore support vessels.
HMD has reached 32% of 2012 new order target, by contracting around 21 vessels, totalling $1bn, mainly medium-sized vessles. In March, it successfully penned its first platform support vessel and diversified its portfolio with high-value vessel.
Also, SPP contracted three MR tankers from a Greek owner Navios in February, two same-size more from a US owner. Recently, it won an order for two MR PCs from Maruta Industries of Japan.