South Korean shipyards topped global scale in booking new orders in February by dominating more than half of order placements thanks to growing demand for clean-fuel vessels.
According to British shipbuilding and marine industry tracker Clarkson Research Services on Wednesday, Korean shipbuilders bagged 910,000 CGT, or more than half of the total 45 orders in 1.74 million compensated gross tonnage (CGT) placed in the world in February.
Compared to the previous month, the order volume grew by 250,000 CGT and pushed up their share in the orderbook by 30 percent.
Korea’s top three shipbuilders Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering secured new orders totaling 17 ships including very-large crude carrier and liquefied natural gas carrier.
China won the second largest volume of 450,000 million CGT in February, down 710,000 CGT on month. Japan added 500,000 CGT worth of new orders, or down 660,000 CGT to fall behind Germany and Finland that booked 160,000 CGT and 120,000 CGT, respectively.
Based on the accumulated new order volume between January and February this year, China remained at the top with 1.61 million CGT and Korea the second with 1.57 million CGT. Japan came third with 770,000 CGT.
Separately, the Clarkson Newbuilding Price Index rose to 127 points in February from 126 points in the previous month, showing steady growth after hitting the bottom in March last year with 121 points. The monthly index shows how much more it would cost to build a ship compared with the reference value of January 1988. The index higher than 100 indicates upward movement in ship prices, and thus better profitability for builders.
By Woo Je-yoon and Cho Jeehyun
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