Chinese Orders Edge up

Source:Asiasis
2013.04.12
884

New order intakes of Chinese shipbuilding industry for the first two months in 2013 showed a slight rise against the same time period last year.
According to Northeast Securities of China, China’s newbuilding deliveries in January and February were reported to be a combined of 5.69m dwt, down by 20.9% against the same period of 2012, however, it showed a 1.9% increase in new orders to be 5.03m dwt. As of the end of February, an orderbook of Chinese shipbuilders was a total of 106.29m dwt which represents a fall by 27.4% from the same period last year and 0.6% of decrease against the end of 2012.
Newbuilding prices in January and February suggested by three countries, Korea, China and Japan, generally stayed at the similar level and thick plate prices has shown an increasing move since last December.
As for major new orders contracted in offshore segment in February, China’s Dalian Shipbuilding Industry (DSIC) put pens on a contract for $460m worth of two jack-up drilling rigs with two options with Norway’s Seadrill in a Heavy-Tail payment.
Meanwhile, COSCO Shipyard Group won a semi-submersible drilling platform from Singapore’s Energy Drilling.

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