The new shipbuilding market in the first 5 months far exceeded the same period last year.
2014-07-02 09:00
It is reported that although freight rates have been sluggish and the BDI index has fallen sharply, shipowners' enthusiasm for purchasing ships has not diminished. In May 2014, the second-hand ship market remained active, but new ship orders decreased compared to the previous months.
According to Golden Destiny's latest monthly report, shipowners ordered a total of 187 new vessels in May, with a total investment cost exceeding US\$11.2 billion. The prices for 67 of these vessels were not disclosed. New ship orders decreased by 41% month-on-month compared to April and by 19% compared to the 230 vessels ordered in the same period last year. In the second-hand ship market, shipowners purchased a total of 112 vessels, with a total investment cost exceeding US\$1.8 billion. The prices for 3 of these vessels were not disclosed. Second-hand ship transactions increased by 20% month-on-month compared to April and remained flat compared to the 112 vessels transacted in the same period last year.
Data shows that in the first five months of 2014, the average weekly order volume for new ships was 64, a 60% increase compared to the 40 vessels in the same period last year and a 167% increase compared to the 24 vessels in the same period in 2012. In addition, the average weekly volume of second-hand ship transactions in the first five months was 33, a 27% increase compared to the 26 vessels in the same period last year and a 57% increase compared to the 21 vessels in the same period in 2012.
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