Clarkson’s new shipbuilding market data for July has been released, showing that the sharp decline in new ship orders since the beginning of the year continues, with monthly orders falling by half again.
According to data released by Clarksons on August 12, global new ship orders in July this year were 2.03 million compensated gross tonnages (CGT, 58 ships), which was a 58% decrease from the same period last year (4.87 million CGTs) and a 43% decrease from the previous month (3.54 million CGTs).
By country, Chinese shipbuilders received 1.52 million CGTs (43 ships) in new orders, with a 75% market share, ranking first globally. South Korean shipbuilders received 330,000 CGTs (8 ships) in new orders, with a 16% market share, ranking second globally. The market share difference between the two is as high as 59%.
Data shows that global new ship orders totaled 23.26 million CGTs (788 ships) from January to July this year, a sharp drop of 51% compared to the same period last year (47.65 million CGTs, 1,973 ships). During this period, Chinese shipbuilders received orders of 13.03 million CGTs (463 ships), accounting for 56% of the market share, a decrease of 59% compared to the same period last year, ranking first. South Korean shipbuilders received orders of 5.24 million CGTs (123 ships), accounting for 23% of the market share, a decrease of 37% compared to the same period last year, ranking second.
As of the end of July, the global orderbook for new shipbuilding reached 164.79 million CGTs, a decrease of 440,000 CGTs from the previous month. By country, Chinese shipbuilders had an orderbook of 98.37 million CGTs, an increase of 13.37 million CGTs from the same period last year and 410,000 CGTs from the previous month, maintaining their top market share with a 60% market share. South Korean shipbuilders had an orderbook of 35.22 million CGTs, a decrease of 4.03 million CGTs from the same period last year and an increase of 20,000 CGTs from the previous month, ranking second with a 21% market share.
As of the end of July, the Clarksons Newbuilding Price Index was 186.65, down 0.46 points from the previous month (187.11), remaining stable. Compared with July 2020 (126.72), it increased by 47%, indicating that the upward trend in ship prices continues.
By ship type, the newbuilding price of large liquefied natural gas (LNG) carriers of 174,000 cubic meters is about US$251 million, down US$4 million from June; the newbuilding price of very large crude oil carriers (VLCCs) is about US$126 million, the same as last month; the newbuilding price of ultra-large container ships (22,000TEU-24,000TEU) is about US$273 million, the same as last month.