Korea Shipbuilding, the largest order in 13 years… The batch price also recovered to the level before the coronavirus

Korea Shipbuilding, the largest order in 13 years… The batch price also recovered to the level before the coronavirus

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Input 2021.04.06 09:49

It was found that new shipbuilders have recovered before the coronavirus infection (Corona 19) while Korean shipbuilders are continuing their order rally.

According to Clarkson Research, a British shipbuilding and shipping market analysis company on the 6th, last month, out of the world’s 5.2 million CGT (standard cargo conversion tonnage) and 133 ships, Korea won an order of 2.86 million CGT and 63 ships. With a 55% share of orders, it widened the gap with China (42%) and maintained the first place for six consecutive months.



A 13,000 TEU-class container ship built by Samsung Heavy Industries. /Provided by Samsung Heavy Industries

Korea’s cumulative performance in the first quarter also ranked first with 5.32 million CGT (52%) out of 1,024 million CGT. China had 4.26 million CGT (42%) and Japan had 350,000 CGT (4%). In particular, the 5.32 million CGT order won by Korea is the largest in 13 years since 2008 (6.46 million CGT).

The cumulative order backlog by country is 27.1 million CGT in China (37%), followed by 24.38 million CGT in Korea (33%) and 7.77 million CGT in Japan (11%). However, by single shipyard, Korean shipyards ranked 1st to 5th. 1st Samsung Heavy Industries (010140)Following 7.75 million CGT, Hyundai Heavy Industries 5.34 million CGT, Daewoo Shipbuilding & Marine Engineering (042660)4.47 million CGT, Hyundai Samho Heavy Industries 4.3 million CGT, Hyundai Mipo Shipbuilding (010620)The order was 2.24 million CGT.

In March, the Clarkson Newbuilding Index rose 2 points from last month to 130, recovering to the level in January last year before the coronavirus outbreak occurred. In particular, it has risen to 131.2 this month and has been rising for 11 consecutive weeks.

In a month, all ships’ prices have risen. ▲ Ultra-large crude oil carrier (VLCC) $89.5 million → $90.5 million ▲Suezmax oil tanker $59 million → $60.5 million ▲A-max oil tanker $48 million → $49,5 million ▲Container ship (13,000~14,000TEU) $105 million → $113 million ▲ Liquefied natural gas (LNG) ships at 174,000㎥, $187.5 million → $18.80 million, and so on.

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