Korea ranks first in the world for ship orders in January… 54% of global orders

Input 2021.02.09 09:34 | Revision 2021.02.09 13:40

The Korean shipbuilding industry achieved first place in January this year, accounting for 54% of global ship orders.

According to Clarkson Research, a shipbuilding market analysis company in the UK on the 9th, Korea took the first place in January this year by winning orders of 910,000 CGT (20 vessels), which is 54% of the 1.7 million CGT (total cargo tonnage) worldwide. . Subsequently, China won 510,000 CGT (32 ships) and Japan 260,000 CGT (12 ships).

In particular, Korea won orders for 8 large container ships (over 12,000 TEU class), 2 large LNG carriers (over 140,000㎥), and 2 extra-large oil tankers (VLCC) ordered in January. It had a perfect share of 100% in the flagship ship. This is a 13-fold increase compared to January last year, when the order volume was only 70,000 CGT (2 vessels).

As of the end of January, the global shipbuilding industry’s order backlog recorded 69.7 million CGT, down 3% from the previous year. By country, ▲China decreased 4% to 24.59 million CGT ▲Korea decreased 3% to 21.8 million CGT ▲Japan decreased 2% to 8.39 million CGT. Compared to the same period of the previous year, Japan’s 4.37 million CGT (34%) and China’s 3.25 million CGT (12%) significantly decreased, while Korea’s 530,000 CGT (2%) declined only.

Ship prices have rebounded from last December in oil tankers, container ships, and LNG carriers. ▲VLCC from $85 million to $88 million ▲Suezmax class oil tanker from $56 million to $57.5 million ▲A-max class oil tanker from $46 million to $47.5 million ▲Container ship (Based on 13 000 to 14 000 TEU) is from USD 120 million to USD 114 million ▲ LNG carriers (based on 174,000㎥) are from USD 186 million to USD 1860.5 million, which is the price across all ship types. Appeared to have rebounded. The Clarkson forward index, which represents the trend of ship prices, rose slightly from 126 points to 127 points.

According to Clarkson Research, the sea freight volume this year is expected to be 11.9 billion tons, an increase of 5 percentage points from 11.3 billion tons (tons) last year. An official from the shipbuilding industry explained, “The global ship ordering market is also expected to improve from last year, when it was stagnant due to the novel coronavirus infection (Corona 19).”