Korean media: South Korea received only 9 ship orders in October, what about China?
December 1st, the Korean media "Herald Economic" published an article stating that the global shipbuilding market is experiencing a long-term slump. In October, global shipbuilding orders fell by nearly 40% year-on-year. The share of orders for South Korean shipbuilding companies was only 18%.
Data from the British shipbuilding and shipping analysis company Clarksons Research shows that the total volume of global shipbuilding orders in October was 2.91 million CGT, totaling 118 ships. This is a decrease of 38% compared to the same period last year (4.71 million CGT), and a decrease of 33% compared to September (4.37 million CGT).
Among them, South Korean shipbuilders received 520,000 CGT (9 ships) in orders, accounting for 18% of the market share. China accounted for 73% of the market share, receiving 2.13 million CGT (98 ships) in orders.
As of October, the cumulative global order volume this year was 37.89 million CGT (1,392 ships), a decrease of 43% compared to 66.49 million CGT (2,768 ships) in the same period last year.
Among them, South Korean shipbuilding companies accounted for 21%, or 8.06 million CGT (182 ships). China accounted for 59% (22.39 million CGT, 895 ships).
As of the end of October, the global order backlog was 167.79 million CGT. The order backlog in South Korea increased by 500,000 CGT compared to September, reaching 34.28 million CGT; the order backlog in China decreased by 630,000 CGT, reaching 101.96 million CGT. Compared to the same period last year, the order backlog in South Korea decreased by 3.46 million CGT, while the order backlog in China increased by 8.24 million CGT.
The new shipbuilding prices are as follows: LNG carrier $248 million, very large crude oil tanker $126 million, and ultra-large container ship $266.5 million.
Original: toutiao.com/article/1850271980656713/
Statement: The article represents the personal views of the author.