SOUTH
Korea once again ranks supreme as the world's top shipbuilding nation, based on
the number of shipbuilding orders received in February and despite the sharp
fall in shipbuilding orders worldwide.
This reverses the situation in
January when South Korean shipbuilders were pushed down into second place by
their Chinese counterparts, who clinched many orders from Chinese clients.
Worldwide
vessel orders in February stood at 300,000 CGTs (18 units), with Korea taking
200,000 CGTs (eight units), said Clarkson, a British shipbuilding and marine market analyst on March 10. Korea
held a 67 per cent share.
The
Philippines ranked second with 60,000 CGTs (four units) and Japan third with
30,000 CGTs (one unit). China won an order for a 680 TEU container ship, which
was 8,000 CGTs. The report did not
include three shuttle tankers that Samsung Heavy Industries won on February 28.
The world's total ship orders
during the January-February periods of the last three years arrived at 4.89
million CGTs - 1.77 million CGTs in the same period of 2020 this year, 4.89
million CGTs in the same period of 2019 and 7.77 million CGTs in the same
period of 2018, reported Business
Korea.
By February this year, total
orders globally dived 76 per cent on year. LNG carriers (larger than 140,000
cubic metres), which Korea excels in manufacturing, have not been ordered until
February this year. However, if orders for large-scale LNGs are placed by Qatar
and Mozambique, orders to Korea are expected to further rise.
As of the end of February,
China's order backlog came in first with 26.16 million CGTs. Korea ranked
second with 21.28 million CGTs and Japan placed third with 10.91 million CGTs.
Global ship deliveries last month
stood at 1.71 million CGTs, down 66 per cent from 3.49 million CGTs. Ship
deliveries by Chinese shipbuilders contracted by 96 per cent from the previous
month, the biggest decrease among nations.
Those by Korea and Japan sank 54
per cent and 39 per cent, respectively.
Clarkson
predicted that Chinese shipyards were likely to postpone deliveries to be made
in early 2020 due to a lack of manpower and equipment.
Ship prices by types were
unchanged. They were US$186 million for an LNG carrier (174,000 cubic metres),
US$144 million for a large container ship (22,000 TEU to 22,000 TEU), and US$92
million for a mega ship.
Source : HKSG.
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