Clarkson’s newbuilding price index has repeated slight rises and falls since last October 2012, turning out to have risen by 0.2p month-on-month, marking 126,4p as of the end of February 2013.
Without a dramatic change staying around 126p, the standard newbuilding price for bulker stood still over the last five months in a row while the one for tanker showed a 1.7% decline on average during the first two months this year.
According to Clarkson, newbuilding orders contracted in global shipbuilding industry in February were reported to be 88 vessels of 6.4m DWT and of which, PC accounted for 17.1% and 12.5% and 10.2% were taken by capesize bulker and handysize bulker, respectively.
Sungdong Shipbuilding & Marine Engineering of Korea is said to have won six 180,000DWT capesize bulkers from Marmaras Navigation of Greece last month.
Meanwhile, newbuilding contracts in offshore segment were estimated to be worth a total of $700m in February that the offshore segment is said to have achieved the largest earnings for the last consecutive 14 months.
Up to February this year, accumulated earnings from newbuilding orders showed a 36% decline with $7.4bn against the same time period last year and of which Korea was placed orders for $3.1bn worth of 53 vessels while China won 91 vessels, equivalent to $3bn.
Particularly, during the first two months this year, new orders contracted for PC totaled 21 vessels of a combined 1.1m DWT, exceeding one third amount of annual orders for PC last year, 65 vessels of a combined 3.1m DWT and all of them except one vessel were won by Korea.
During the same period, 13 VLCCs were newly ordered mostly at China, close to 14 vessels contracted last year, and newbuilding price per ship was reported to be $86.4m on average.
On the other hand, global newbuildings delivered in February was said to be a total of 91 vessels of 6.4m DWT with 62% of it ordered for bulkers among them, China delivered 28 vessels while Korea and Japan had 26 vessels and 25 vessels delivered, respectively.
46% of bulkers delivered were built at Japanese shipyards that Japan finally exceeded China in monthly delivery since February 2011. China, Korea and Japan accounted for 82% (in DWT terms) of global newbuildings delivered during the first two months 2013.
As of the end of February, global orderbook was reported to stand at 4,499 vessels of a combined of 249.1m DWT, 91.2m CGT, showing a 1.4% of month-on-month decline, in terms of DWT.
Its decrease showed a marginal effect because new contracts and deliveries in February are seen as a same amount, 6.4mDWT in February. 51% of the orderbook was accounted for by bulker segment and most of them are to be delivered within this year.
Meanwhile, the volume of demolition in February was reported to be as 64 vessels of a combined 3.1m DWT, which represents a 32% decrease month-on-month, and the decline is attributed to a fall in scrap prices by $15~25 per light load displacement tonnage (LDT).