High value-added ship orders are expected to increase in the second half of the year

According to the analysis of Korea Shipbuilding Marine Daily, orders for high-value-added ships are expected to increase in the second half of this year. Chinese and South Korean shipyards will compete in the field of super-large container ships (ship type shipyard trading) and LNG ships with more than 10000 TEU.

On June 16, a researcher at KTB Investment Securities in South Korea said: "By the end of this year, the number of new ship orders may further increase, and the decline in the profitability of shipyards will also be eased."

By the end of May this year, the global new ship order volume was 17.7 million CGT, down 11.6% year on year. It can be seen from this that the number of new ship orders will not be less this year. At the end of May, Clarkson's new shipbuilding price index was 140 points, the highest since October 2011. Even if the possibility of a sharp rise in the new ship building price is ruled out, the new ship building price continues to rise.

According to Clarkson statistics, there are currently 586 shipyards in China. However, only 24% of them, or 140 shipyards, have handheld orders. Other shipyards may go bankrupt or undergo structural adjustment.

In addition, he pointed out that Chinese shipyards have posed a threat to Singapore shipyards in the field of jack-up drilling platforms (ship type shipyard trading) to a large extent. Chinese and Korean shipyards will compete in the field of super-large container ships and LNG ships.