South Korean media: Just one month, the top position of South Korea's shipbuilding has been taken away by China again!
On May 23rd, a South Korean media "Everyday Economy" published an article stating that in the global ship order competition, South Korea lost its first place to China again after just one month.
According to statistics from Clarkson Research, a UK-based shipping market research company, the global ship order volume was 4.43 million CGT (108 ships) last month, down 47% year-on-year. It increased by 121.5% compared to March this year.
In the April order competition, China ranked first with 2.6 million CGT and 55 ships. The market share reached 59%.
South Korea occupied 30% of the share with 1.31 million CGT and 42 ships, which is only half of China's.
In March, South Korea ranked first with 910,000 CGT, while China ranked second with 800,000 CGT, but just one month later, South Korea lost its top position again.
A shipbuilding industry insider in South Korea analyzed that "In March, South Korea expanded its market share by securing high-value-added ship orders such as LNG carriers, but in April, there were relatively fewer high-value-added ship orders, so China took the lead again."
In the competition for high-value-added ship orders such as LNG carriers and ultra-large container ships, South Korea has an advantage, but in the competition for ordinary ship orders, China takes the upper hand.
By the end of April, the Clarksea Newbuilding Index, which reflects shipbuilding prices, was 187.11, down 0.32 points from March (187.43). Compared to 183.92 in April last year, it increased by 1.7%.
The newbuilding index is an indicator to predict the performance of shipbuilding companies. The higher the index, the better the performance of the shipbuilding companies.
Source: https://www.toutiao.com/article/1832877972014220/
Disclaimer: This article only represents the views of the author.