Korea’s shipbuilding industry won 39% of the world’s ship orders in September, ranking second. China took first place with 40%.

According to Clarksons Research, a U.K.-based shipbuilding and shipping market analysis firm, global ship orders in September this year stood at 3.5 million CGT (compensated gross tonnage; 123 ships), down 44% from the same month a year earlier.

Korean shipbuilders won 1.35 million CGT (33 ships; 39%), while China won 1.42 million CGT (69 ships; 40%). CGT per ship was 41,000 CGT for Korea and 21,000 CGT for China. This means Korea won twice as many high value-added ships as China.

The cumulative global order volume this year (January–September) was 32.64 million CGT (1,185 ships), down 47% from the same period last year (61.43 million CGT; 2,560 ships).

Korean shipbuilders accounted for a 22% market share with 7.34 million CGT (169 ships). China’s share was 56% (18.33 million CGT; 725 ships).

As of the end of last month, the global order backlog (remaining construction volume) was 165.99 million CGT, up 70,000 CGT from the previous month. By country, the backlog was China 100.86 million CGT (61%) and Korea 33.81 million CGT (20%), in that order.

At the end of last month, the Clarksons Newbuild Price Index was 185.58 points, down 0.68 points from the previous month.

By ship type, the price per vessel was $250 million (about 355.3 billion won) for liquefied natural gas (LNG) carriers of 174,000 cubic meters (㎥) or larger, $126 million (about 179.2 billion won) for very large crude carriers (VLCC), and $270 million (about 383.8 billion won) for ultra-large container ships.
Source: Chosun