The global new shipbuilding market data for September was released, showing that the volume of new ship orders continued to decline compared with the same period last year, and China’s shipbuilding market share plummeted, but it still narrowly won the monthly championship.
According to Clarkson Research data released on October 10, global new ship orders in September totaled 3.5 million compensated gross tonnages (CGT, 123 vessels). Measured in compensated gross tonnage, this represents a sharp 44% year-on-year decline from the same period last year (6.29 million CGTs) and a 3% month-on-month decrease.
By country, Chinese shipbuilders secured new orders totaling 1.42 million CGTs (69 vessels), capturing a 40% market share to rank first; South Korean shipbuilders followed closely with new orders of 1.35 million CGTs (33 vessels), accounting for a 39% market share.
Last month (August), Chinese and South Korean shipbuilders held 57% and 23% of the monthly order market share respectively, a difference of 34%. In September, Chinese shipbuilders narrowly won by a difference of only 1%.
Data shows that global new ship orders totaled 32.64 million CGTs (1,185 vessels) from January to September this year, a 47% decrease from the same period last year (61.43 million CGTs, 2,560 vessels). During this period, Chinese shipbuilders received orders of 18.33 million CGT (725 vessels), a 56% market share, a 58% year-on-year decrease in orders, ranking first. South Korean shipbuilders ranked second with orders of 7.34 million CGT (169 vessels), a 22% market share, a 17% year-on-year decrease in orders.
As of the end of September, the global orderbook for new ships reached 165.99 million CGT, a month-on-month increase of 70,000 CGT. By country, Chinese shipbuilders had an orderbook of 100.86 million CGT, an increase of 9.88 million CGT year-on-year and 310,000 CGT month-on-month, maintaining their top market share with 61%. South Korean shipbuilders had an orderbook of 33.81 million CGT, a decrease of 4.21 million CGT year-on-year and 440,000 CGT month-on-month, ranking second with a 20% market share.
As of the end of September, the Clarksons Newbuilding Price Index was 185.58, down 0.68 points from 186.2 in the previous month, remaining stable. Compared with 126.61 in September 2020, it increased by 47%, indicating that the upward trend in ship prices continues.
By vessel type, the newbuilding price for 174,000-cubic-meter large liquefied natural gas (LNG) carriers remained steady at approximately $250 million compared to the previous month; The newbuilding price for Very Large Crude Carriers (VLCCs) stands at approximately $126 million, unchanged from last month; The newbuilding price for Very Large Container Ships (22,000 TEU-24,000 TEU) is about $270 million, down $3 million from August.