NB order value down 31%

During the first three months, a total of 286 newbuildings were ordered in global shipbuilding industry, which showed an increase by 20% comparing with the previous quarter (the fourth quarter of 2012), however total amount of orders were estimated to be $12.8bn, representing a 31% drop year-on-year.


According to Clarkson, orders contracted in March totaled 94 vessels worth $4.4bn and among them, 51% was ordered for non commercial ships. Followings are offshore vessel, accounting for 16% and gas carrier and Ro-Ro ferry, taking 13% each.


Meanwhile, Clarkson’s newbuilding price index stood at 125.6 points as of the end of March, which represents a record-low since February 2004 and a month-on-month decrease of 0.8p with a year-on-year decline of 8%.


By vessel type, the benchmark newbuilding prices of very large crude oil carrier declined by 1.1% last year to $90.5m, which is the lowest level since June 2004 and the ones of Suezmax tanker also dropped by 1% to $55.75m, showing a record-low since February 2004.


Meanwhile, 36 vessels were reportedly ordered up to March this year for Capesize bulkers in the range of 176,000-180,000 dwt of which the benchmark newbuilding prices increased by 1% to $46.5m during full March.
As for newbuilding deliveries of global shipbuilding industry, 475 vessels of a combined 31.7m dwt were delivered during the first three months of this year, showing a year-on-year 32% decrease in dwt terms.


Particularly, Korean shipbuilders delivered a total of 11.6m dwt in the first quarter, having accounted for 36.4% of total and outpaced Chinese counterparts for the first time since the third quarter of 2009 in terms of deliveries per quarter.


As of the end of March, global newbuilding orderbook stood at 4,471 vessels of 245.5m dwt (90.5m cgt), which represents a 6% of decline in terms of dwt against the end of last year.


Among them, offshore related vessels, such as FPSO, drillship, offshore supply vessel and etc., accounted for 41% in value terms with 31 FPSOs and 78 drillships having been contracted.


Orderbook of gas carrier (LNG/LPG carrier) reportedly stood at a total of 119 vessels of 9.3m cgt, a record-high since January 2009, accounting for 10% of total orderbook in cgt terms.


Meanwhile, 64 vessels of a combined 3.12m dwt were sent to scrapping facilities in March 2013, showing a slight decline from a monthly average of 104 vessels of 4.7m dwt in 2012 when the demolition activity posted the largest number (1,337 vessels of 58.3m dwt annually with 27.9-year-old in average).
Lastly, a total of 259 vessels of 11.9m dwt (26.2 years in average) were allegedly demolished in the first quarter of this year.

Source: http://www.asiasis.com