Global New Orders Hesitate
Newbuilding order intake of global shipbuilding industry in June recorded 4.76m dwt in total, declined by 49.5% from the previous month to the similar level recorded from the same month of a year ago.
According to research center of China Shipbuilding Industry Corporation (CSIC), the global volume of newbuildings delivered was 6.21m dwt in June, a bit larger than the volume of newbuilding ordered while global orderbook was seen to come at 244m dwt as of the end of June, declined by 8.2% comparing with earlier this year with a continued downward trend.
In addition, accumulated newbuilding order in the first half of this year amounted to 48m dwt with a 64% sharp increase from the same period a year ago, which approximates to 89% of total order recorded from 2012.
Accumulated delivery in the first half was 62.15m dwt, a year-on-year 36.5% decline.
New order contracted for bulker in June recorded 2.03m dwt, which is the least amount placed year to date, while those for containership totaled 920,000 dwt, down by 62.3% from the previous month. During the month, tanker orders were 1.20m dwt, showing a 12.4% month-on-month decline.
CSIC research center analyzed that the newbuilding transaction fall seen in June could be attributable to a decline in general commercial vessels' trading. The center said that considering the greatest bulker ratio in market share, bulker transaction fall could be said to have directly led to the newbuilding transaction fall.
Last month, bulker was traded the most, particularly focusing on panamax and handysize ones, while capesize bulker showed no newbuilding transaction record.
By country, Chinese shipbuilding industry gained orders of a combined 2.31m dwt (800,000 cgt) worth $1.1bn while Korean won 1.14m dwt (610,000 cgt) orders worth $5.1bn and Japanese had 970,000 dwt (440,000 cgt) orders worth $800m. The newbuilding orders of three countries accounted for 92.8% of global newbuilding market in dwt terms.


