Thursday, 24 April 2014 | 02:43
View by:

Newbuilding ordering activity slow on traditional vessel types but quite strong on emerging ones

Wednesday, 21 December 2011 | 00:00
The latest data from shipbrokers on the newbuilding ordering activity as we edge closer to the end of the year, indicates that things are quieting down on tankers and to a lesser degree on dry bulk carriers, but is picking up on non-conventional ship types, such as offshore platform vessels and such. According to the latest weekly report from Clarkson Hellas, “the new building market continues to quieten down as we approach the final weeks of the year, with very few new enquiries being witnessed in the market. This is not to say that all activity has ceased however and we do continue to see activity with new business being concluded in the both Dry, Gas & Container markets.
With the year approaching its conclusion, it is perhaps unsurprising that thoughts turn more and more to 2012. Much of the activity in 2012 will be determined, or at the least heavily swayed, by the state of the global economy and the subsequent availability of financing. As things stand, there remains a great deal of uncertainty over how the more conventional markets will progress after what has undoubtedly been a challenging 2011, both from a newbuilding and chartering perspective. The more niche sectors will likely continue to play an important role in the development of new business for the yards, though with more and more yards looking to take advantage of these markets, will no doubt become an increasingly competitive market environment.
In the end, success in winning new orders across the majority will most likely be achieved by those yards whose designs offer owners the greatest level of flexibility in design, both through fuel efficiency and their economy of ship scale. With all the major yards across Korea, China and Japan all continuing their work in developing these, there will no doubt be numerous opportunities for owners as the year progresses» said Clarkson Hellas.
In a separate report, shipbroker Golden Destiny said that the past week ended “with strong newbuilding momentum due to high offshore contracting activity by attracting 66% of the total number of orders reported worldwide. Overall, 35 new more transactions have been reported this week ,showing a 47% week-on-week decline, at a total deadweight of 409,900 tons. The total invested capital is estimated to be in excess of $1,08 billion with 57% of the total number of reported at an undisclosed contract price. At similar week in 2010, the ordering momentum was at quite similar levels, in terms of volume of transactions, standing 14% lower than the current business with 30 total contracts being recorded and bulk carriers holding 40% share” said Golden Destiny.
According to the Piraeus-based shipbroker, “in the bulk carrier segment, the contracting activity this week is very limited after the 19 transactions reported last week with Chinese players placing some new units. In the handysize segment, three 30,000dwt units reported to have been placed by Glory Ocean Shipping of China at domestic yard, Tsuji Jiangsu at an undisclosed contract price with delivery end 2012. In the panamax segment, Chinese owner Shenhua Zhonghai Shipping is planning to order eight units at domestic yards to be deployed in coastal trades for delivery in 2013-2014.
In the gas tanker segment, an outstanding order came to light in the LPG segment by Singapore based player, Kumiai Navigation, for a very large gas carrier of 82,000 cbm at Japan’s Kawasaki Heavy Industries with delivery at the end of 2013. The newbuilding price of the contract has not been officially confirmed with sources revealing that the unit will cost excess of $77 mil, but less than $80 mil.
In the multipurpose liner segment, state owned State Co for Maritime Transport of Iraq has placed an order for four 17,500 dwt multipurpose vessels in South Korea and China, at a cost of $24,5 mil each, with delivery in 2013-2014 In the container segment, a handysize order emerged by South Korean feeder liner Namung Shipping for three 1,850 TEU vessels at Hyundai Mipo Dockyard with delivery in the first half of 2013. The contract price has not been confirmed with sources suggesting an estimated cost of less than $30mil per unit” concluded Golden Destiny.
Nikos Roussanoglou, Hellenic Shipping News Worldwide
    There are no comments available.
    In order to send the form you have to type the displayed code.