Global shipbuilding market: change of leader and priorities
At the end of November 2021, South Korea surpassed China for the second month in a row in terms of both cost and tonnage of newly attracted shipbuilding orders.
According to the data released the other day by the British consulting company Clarkson Research, the shipbuilders of the Country of Morning Freshness accounted for 58% (770 thousand compensation-register tons - krt.), While the shipbuilders of the Celestial Empire got “only” 35% (460 thousand tonnes). krt) growth in the global portfolio of new buildings.
At the same time, industry analysts remind that the price of a contract for the construction of a ship ordered at a South Korean shipyard ($ 123 million) is, on average, 3.5 times higher than that of Chinese shipbuilding enterprises (about $ 35 million).
By the way, it was LNG tankers that made up the most significant part (45%) of all orders in November in November, while container ships have been the priority since the beginning of this year.
The total volume of the world portfolio of new buildings for 11 months of 2021 reached 45.7 million krt, which is 138% more than the corresponding indicators of the previous year (18.97 million krt.)
On an annualized basis, China is still in first place with 918 ships at 21.92 million krt. or 49% of all world orders. It is followed by: South Korea - 397 vessels for 16.96 million krt. (38%) and Japan, which accounts for 203 ships ordered for 3.93 million krt. or 9% of the global portfolio of new buildings.