Market

Diverging trends in new BC orders and sales

Despite a notable downturn in newbuilding orders within the bulker sector, the secondhand market has seen a discernible uptick in activity. In its latest weekly report, the Greek shipbroker Xclusiv Shipbrokers observed that between J..

News > Market > 2024-12-18 09:37:22

Japan sees ship exports plummet

Shipyards in Japan experienced a year-on-year decrease of 74.4% for export orders in November 2024. They secured contracts for six newbuilds amounting to about 240,000 gt (about 100,000 cgt) last month, the Japan Ship Exporter's ..

News > Market > 2024-12-12 09:31:02

Yards see 20% order growth in Nov

Last November, 124 newbuild vessels of a combined 3.87m cgt were reported ordered globally, up by 20% year-on-year in cgt terms. By country, during the same period, China dominated the new order sales market by securing as much as 61..

News > Market > 2024-12-09 09:23:09

Numbers of green vessels continue to grow

The number of eco-friendly vessels on operation or order reached 9,463 in total as of the end of November 2024, up by 19.7% year-on-year. DNV has recently reported that scrubber-fitted vessels (6,078 units) make up the majority of th..

News > Market > 2024-12-09 09:21:18

Korea experienced significant rise in ship exports in November

South Korea's shipbuilding exports surged to $2.519bn in November 2024, marking a significant 70.8% increase compared to $1.474bn in the same month of the previous year. The Ministry of Trade, Industry and Energy (MOTIE) recently..

News > Market > 2024-12-04 09:32:19

Alternative fuel ships occupy half of the global shipbuilding pie

The global orderbook for the first ten months this year recorded 1,910 vessels with a capacity of 101.5m gt. About half of the constructed vessels are known to be alternative-fueled ships, standing at 643 vessel which is 50.05m gt. This..

News > Market > 2024-12-02 08:10:17

Japan's ship exports plunge

Shipyards in Japan experienced a year-on-year decrease of 70.9% for export orders in October 2024. They secured contracts for 16 newbuilds amounting to about 690,000 gt (about 340,000 cgt) last month, the Japan Ship Exporter's As..

News > Market > 2024-12-02 08:08:35

'24 energy carrier order remains strong

Global shipbuilders have been experiencing strong order momentum for energy carriers. According to Clarksons Research data, the global shipbuilding industry built 594 oil and gas carriers, marking 2024 as the second strongest year fo..

News > Market > 2024-12-02 08:06:44

Orders for small chemical tankers surged

Orders for small chemical tankers have increased dramatically as rates surged. According to UK shipbroker Simpson Spence Young(SSY), this long-neglected 1,000-dwt to 6,000-dwt sector has shown the fastest growth in the tanker fleet. ..

News > Market > 2024-12-02 08:04:14

Idle container ships plummet to an 'all-time low'

Idle container ships plummet to an 'all-time low' With Red Sea Crisis putting a great strain on containership tonnage capacity, the number of idle containerships plummeted to an 'all-time low' as shipowners were force..

News > Market > 2024-12-02 08:02:11