mana.ir

News ID: 66537 |
Publish Date: 10:05 - 19 July 2016

A Look at Shipbuilding Industry over one Decade

Down the years, shipbuilders have always entered and exited the business as cycles have progressed, but over the past decade developments have been dramatic, says Clarksons Research.

A Look at Shipbuilding Industry over one Decade
According to MANA,Back in 2007, 220 shipyards secured at least one order for a unit of 20,000 dwt or above in size, but in 2015 just 101 yards were successful in doing so. What have been the characteristics of such acute changes in the shipbuilding landscape?
At the climax of the newbuilding investment boom in 2007, 220 yards took an order (for a vessel of 20,000 dwt or above), up 80% on the number in 2005. However, the global economic downturn ended the ‘affair’ and the number of yards to take an order fell 45% in 2009.
In 2015, 1,083 orders (20,000 dwt and above) were placed at 101 yards globally, and of the yards who took an order in 2007, only (36% of the total) were successful in doing so last year.
Shipbuilders who ‘left the scene’ in this period included many Chinese yards (87), generally focussed on the bulker sector, as well as a number of European yards (17) finally ceding to Asian competition.
Nevertheless, the environment clearly remains severely challenging. In 1H 2016, 97 orders were reported placed (for units 20,000 dwt or above) across just 27 yards.
Though there may be some late reporting, and optimism from some quarters that 2H 2016 could see increased contract volumes, changetothe industry landscape appear to have been stark (and for some ‘fatal’). Over the second half of this year, market observers should continue to watch the drama closely
Your comment
Name:
Email:
* Comment:
most visited