Half of 2017 Orderbook Still to Be Delivered

The shipbuilding industry has handed over only a half of the 2,440 vessels which have deliveries dates scheduled for 2017, VesselsValue unveiled the data.

News ID: 77093

Date: 01 November 2017 - 12:16

According to MANA, Out of the scheduled deliveries, only 1,220 have hit the water so far this year, meaning 50% of the 2017 orderbook is outstanding as the final nine weeks of the year approach.

VesselsValue data shows that almost 70% of the liquefied petroleum gas (LPG) carriers, which were set to join the fleet, were delivered to their owners, followed by bulkers at around 68% of delivered ships, as tankers took third place with around 63% of these ships handed over so far this year.

Over half of container ships on order joined the fleet so far, followed by liquefied natural gas (LNG) carriers at around 49% of the ships delivered. Small dry ships saw a slightly lower delivery pace as some 44% of these units were delivered, while reefer deliveries fulfilled only 33% of their orderbook.

The offshore vessels sector witnessed the lowest deliveries of the scheduled fleet. Namely, almost 90% of all scheduled deliveries for mobile offshore drilling units still needs to be handed over.

As vessel deliveries typically slow down towards the end of the year, many sectors “can expect a high proportion of the orderbook to hit the water in future years,” VeselsValue said.

“If the owners wait a few weeks, allowing the delivery to slip into the new year, the vessel is considered a whole year younger.”