2013 NB market 'Positive'

qinxingchen

Global newbuilding market in January 2013 turned out to have revived since late 2012. According to data from China Shipbuilding Industry Co. (CSIC) Economic Research Center, new orders contracted in January this year are reported to be 95 vessels or a combined of 6.98m DWT, up by 32% against the same time period last year and a 31% increase month-on-month. Newbuilding delivery during the same time has marked the largest amount with 13.37m DWT since July 2012, and global orderbook was reported to be 260m DWT as of the end of January, down by 1% from late 2012. By vessel type, orders contracted for bulker in January were a total of 34 vessels of a combined 2.37m DWT and of which, most of them were capesize bulkers, panamax bulkers and handysize bulkers, almost won by Chinese shipyards. Contracts for tanker were reported to be 18 vessels of 2.9m DWT and many of them were ordered for VLCC and PC. Most of the PC orders turned out to be placed at Korean shipyards and 12 vessels of a combined 1.23m DWT were ordered for containerships. Of which, nine containerships with over 10,000TEU were included; five won by Hyundai Heavy Industries of Korea and four by Jiangsu New Yangzi Shipbuilding in China. In DWT terms, the proportion of new orders contracted for three major vessel types accounted for 93% of total and above this, seven chemical tankers, three LPG carriers, four ethylene carriers and five PCTCs were reported to be newly ordered in January this year. By country, Chinese shipbuilding industry had new orders contracted for $1.818bn worth of 3.88m DWT (1.17m CGT) amount of vessels while Korea and Japan won $1.875bn worth of 2.54m DWT (710,000 CGT) and $58m worth of 420,000 DWT (120,000 CGT), respectively, in full January 2013. Published : March 18, 2013