12 February 2011

Orderbook dropping, Scrapping rising:

While the total of the global orderbook decreased by almost 20% last year with deliveries making the highest record, the scale of old-ship scrapping also remained at the highest level since 2008.

At the end of 2010, the overall global orderbook stayed in 7,277 ships (139.8m CGT, 473.4m DWT and 287.9m GT), showing a 18% decrease in vessel term and 16% drop in CGT term compared with the end of 2009.
The orderbook involved 1,457 tankers of 30.7m CGT, 3,262 bulkers of 63.5m CGT, 622 containers of 21.8m CGT, 593 AHTSs of 3.9m CGT, 142 LNG/LPG carriers of 2.8m CGT and 24 cruiseships of 2.3m CGT, etc.

Almost every vessel type shows a decrease in orderbook except for 60K to 80K bulkers.

To look into each country's orderbook,
  • China accounted for 3,061 ships of 52.7m CGT,
  • Korea for 1,574 ships of 44.9m CGT and
  • Japan for 1,125 ships of 22.1m CGT.
By values,
  • Korea stood for $140.7bn,
  • China for $120.9bn and
  • Japan for $58.1bn.
Meanwhile, the Clarkson Research Services expects the actual deliveries for this year to be 143.7m DWT, which corresponds to 61% of 236.1m DWT supposed to be delivered this year.

The total of 2010's deliveries was 147.3m DWT.

On the contrary, the total of old-ship scrapping of last year was estimated at 814 ships of 25.7m DWT with an average age of 29.4 years old, decreasing by 22.4% from 1,134 ships of 33.1m DWT with an average age of 29.4 years old of 2009.

The volume of scrapping stayed in 14.2m DWT in 2008 and increased by more than two times in 2009.

It has remained at the higher level of around 30m DWT since 2009 and is expected to reach 31.1m DWT this year.

Source:
Shanghai International Maritime Information and Literature Website. 9 February 2011

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