Global new vessel orders increased by 112% in July
2013-08-16 09:00
Global new orders exceeded 9 million DWT in July.
According to Zhongshang Information Network, global new orders in July 2013 reached 9.07 million DWT, a significant year-on-year increase of 112%. From January to July, global new orders totaled 59.61 million DWT, a 78% increase compared to the same period in 2012.
New orders for bulk carriers and container ships this month were 4.964 million DWT and 289,000 TEU respectively, representing a 345% and 101% increase year-on-year. New tanker orders this month were 22,000 DWT, a 96% year-on-year increase.
Global new orders from January to July totaled 59.61 million DWT, a 78% year-on-year increase. After a brief slowdown in growth in June, July's new orders exceeded expectations. The introduction of measures to encourage ship demolition is conducive to the continued release of new orders, and the full-year 2013 new order forecast is raised to 90 million DWT.
China's new orders saw a significant year-on-year increase in July. In July 2013, China's new shipbuilding orders reached 4.42 million DWT, a 43.2% month-on-month increase and a 261.4% year-on-year increase.
South Korea's new orders this month were 3.14 million DWT, a 135.6% month-on-month increase and a 21.6% year-on-year increase. Japan's new orders this month were lower at 284,000 DWT, a 28.4% month-on-month increase and a 197.6% year-on-year increase.
The downward trend in outstanding orders for the three major shipbuilding countries remains unchanged. At the end of July, China, South Korea, and Japan's outstanding orders were 106 million DWT, 65 million DWT, and 51 million DWT respectively. The downward trend remains unchanged, with decreases of 18%, 21%, and 23% respectively.
China's delivery volume increased year-on-year this month. In July 2013, global new vessel deliveries totaled 8.15 million DWT, a 27% year-on-year decrease. South Korea and Japan's new vessel deliveries were 2.37 million DWT and 2.08 million DWT respectively, representing year-on-year decreases of 42.8% and 23.9%. China's delivery volume this month was 3.43 million DWT, a 3.3% year-on-year increase.
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