Ship prices are still rising! The latest global shipbuilding monthly report is out

New orders of 59 ships, compensated gross tonnage decreased by 16.48% month-on-month

According to Clarkson's latest statistics (as of June 8, 2022), global new orders in May 2022 totaled 59 ships, or 2,534,854 CGT. Compared to April 2022, which saw 91 new orders totaling 3,034,889 CGT, the number of ships decreased by 32 month-on-month, and compensated gross tonnage decreased by 16.48% month-on-month. Compared to May 2021, which had 190 new orders totaling 4,219,886 CGT, the number of ships decreased by 131 year-on-year, and compensated gross tonnage decreased by 39.93% year-on-year.

In terms of vessel types, there were 7 bulk carriers, totaling 485,000 DWT; 4 oil tankers, totaling 460,000 DWT; 2 chemical tankers, totaling 15,998 DWT; 16 container ships, totaling 156,804 TEU; 14 LNG carriers, totaling 2,439,000 cubic meters; 15 other vessel types, totaling 394,853 CGT; and 1 offshore vessel, totaling 9,038 CGT.

From the perspective of order types, new bulk carrier orders include 2 Kamsarmax bulk carriers and 5 Supramax bulk carriers; new oil tanker orders include 4 Aframax oil tankers; new container ship orders include 10 Post-Panamax container ships, 2 Panamax container ships, 2 Sub-Panamax container ships, and 2 feeder container ships.

By country of shipyard receiving orders, global new ship orders in May totaled 59 ships, or 2,534,854 CGT. Of these, Chinese shipyards received 24 ships, totaling 875,839 CGT; Japanese shipyards received 10 ships, totaling 416,380 CGT; and Korean shipyards received 20 ships, totaling 1,197,281 CGT. The compensated gross tonnage accounted for 34.55%, 16.43%, and 47.23% of global new ship orders, respectively.

From January to May 2022, new ship orders totaled 549 ships, or 29,798,319 DWT. Compared to the same period in 2021, which saw 1,069 new orders totaling 71,010,317 DWT, the number of ships and deadweight tonnage decreased by 48.64% and 58.04% year-on-year, respectively.

In terms of vessel types, there were 76 bulk carriers, totaling 5,600,800 DWT; 9 oil tankers, totaling 755,998 DWT; 25 chemical tankers, totaling 622,583 DWT; 206 container ships, totaling 1,386,275 TEU; 73 LNG carriers, totaling 10,876,250 cubic meters; 65 offshore vessels, totaling 334,664 CGT; and 95 other vessel types, totaling 1,560,688 CGT.

By country, China received new orders for 276 ships, totaling 7,360,500 CGT; Japan received new orders for 39 ships, totaling 973,476 CGT; and South Korea received new orders for 146 ships, totaling 7,169,203 CGT. The compensated gross tonnage accounted for 45.63%, 6.04%, and 44.45% of global new ship orders, respectively.

Global order book of 3,568 ships, quantity decreased by 0.31% month-on-month

Clarkson data shows that as of June 8, 2022, global shipyards held an order book of 3,568 ships, totaling 97,878,396 CGT. Compared to the 3,579 ships totaling 96,984,272 CGT recorded on May 8, 2022, the number of ships in the order book decreased by 0.31% month-on-month, while the compensated gross tonnage increased by 0.92% month-on-month.

Among these, Chinese shipyards held an order book of 1,901 ships, totaling 41,960,825 CGT, accounting for 53.28% of the global market share by number of ships and 42.87% by CGT; Japanese shipyards held an order book of 547 ships, totaling 9,682,770 CGT, accounting for 15.33% of the global market share by number of ships and 9.89% by CGT; Korean shipyards held an order book of 696 ships, totaling 33,172,275 CGT, accounting for 19.51% of the global market share by number of ships and 33.89% by CGT.
 
Looking at major vessel types, the order book for bulk carriers was 816 ships, totaling 65,684,963 DWT; for oil tankers, 506 ships, totaling 36,928,210 DWT; and for container ships, 904 ships, totaling 6,792,515 TEU.

Completions: 120 ships, deadweight tonnage increased by 17.86% month-on-month

Clarkson data shows that global shipyards delivered a total of 120 new ships in May 2022, totaling 6,136,361 DWT. Compared to April 2022, when 138 new ships totaling 5,206,427 DWT were delivered, the number of ships decreased by 13.04% month-on-month, while deadweight tonnage increased by 17.86% month-on-month. Compared to May 2021, when 185 new ships totaling 7,468,217 DWT were delivered, the number of ships decreased by 35.14% year-on-year, and deadweight tonnage decreased by 17.83% year-on-year.

In terms of vessel types, the number of bulk carriers delivered was 28, totaling 2,391,311 DWT; container ships delivered were 10, totaling 39,759 TEU; oil tankers delivered were 15, totaling 2,393,459 DWT; chemical tankers delivered were 13, totaling 328,248 DWT; LNG carriers delivered were 6, totaling 535,958 cubic meters; offshore vessels delivered were 23, totaling 82,319 DWT; and other vessel types delivered were 25, totaling 183,373 DWT.

From January to May 2022, global shipyards delivered a total of 761 new ships, totaling 33,163,015 DWT. Compared to the same period in 2021, when 1,008 new ships totaling 41,546,808 DWT were delivered, the number of ships decreased by 24.50% year-on-year, and deadweight tonnage decreased by 20.18% year-on-year.

In terms of vessel types, the number of bulk carriers delivered was 162, totaling 13,528,498 DWT; container ships delivered were 53, totaling 281,891 TEU; oil tankers delivered were 94, totaling 11,688,811 DWT; chemical tankers delivered were 67, totaling 1,781,009 DWT; LNG carriers delivered were 39, totaling 2,519,477 cubic meters; offshore vessels delivered were 193, totaling 402,177 DWT; and other vessel types delivered were 153, totaling 1,112,817 DWT.