• BIST 106.991
  • Altın 151,481
  • Dolar 3,6762
  • Euro 4,3196
  • İstanbul 17 °C
  • Ankara 1 °C

Chinese yards increase orders

Chinese yards increase orders
CHINESE shipbuilding yards increased their stake in the capesize bulk carrier orderbook by 3% last year, effectively downsizing the volume of contracts in South Korea and Japan.

Chinese yards increase share of capesize orders.

CHINESE shipbuilding yards increased their stake in the capesize bulk carrier orderbook by 3% last year, effectively downsizing the volume of contracts in South Korea and Japan.

?Today, China"s shipyards are building 50% of all capesizes on order by deadweight, equivalent to 530 ships and a 3% increase in market share since last February,? French broker Barry Rogliano Salles said in its latest weekly report.

?By contrast, South Korea"s share has dropped from 25% to 23%, while Japan has dipped slightly from 21% to 20%.?

With 191 capes contracted in South Korea and 189 in Japan, however, they still occupy a large portion of the orderbook.

The news that China has increased its capesize orderbook comes despite a large number of forecasts made last year that a significant number of newly established start-up yards in the country would fail to begin construction and many orders would be lost if they were closed.

?For some players, the prospect of the enforced closure of new greenfield yards represents a key chance for the shipping market to regulate itself and reduce the influx of new tonnage,? the BRS report said.

?So far, however, we have seen relatively little evidence of widespread closures in China, where most of the greenfield yards are located.?

Although it holds more than double the number of contracts in South Korea, the capesize bulk carriers on order in China are generally of a smaller size, of around 155,000 dwt.

This contrasts with South Korean yards, where the average size of vessels on order tops 200,000 dwt, BRS said.

?After the "big three", the Philippines and Turkey remain out in front among the smaller shipyards,? the report added.

?In the past year, the Philippines has actually doubled its orderbook as a share of the world market, although Turkey remains static at 1% of the global portfolio.

?Romania, Taiwan, Ukraine and Denmark make up the remaining countries, with respectively seven, seven, five and three capes [size vessels] on order.?

www.turkishmaritime.com.tr

This news is a total 2598 time has been read
  • Comments 0
    UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
    Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
    Bu habere henüz yorum eklenmemiştir.
Other News
All Rights Reserved © 2006 TURKISH MARITIME | İzinsiz ve kaynak gösterilmeden yayınlanamaz.
Phone : 0090 212 293 75 48 | Fax : 0090 212 293 75 49 |