Shipbuilding & Repair
Newbuildings order value down 31%
During the first three months, a total of 286 newbuildings were ordered in global shipbuilding industry, which showed an increase by 20% comparing with the previous quarter (the fourth quarter of 2012), however total amount of orders were estimated to be $12.8bn, representing a 31% drop year-on-year...
Big3 to exceed target
Shipbuilding industry is suggested that a tendency of no charter in drillship sector seems to be resolved and Korean Big3 domestic builders are likely to exceed the order target of 2013.
Jiangsu Hantong Ship Heavy Industry pens 5 bulkers
China's Jiangsu Hantong Ship Heavy Industry signed a newbuilding contract to build a series of up to five 38,800-dwt bulkers with Peter Dohle of Germany on April 19.
Newbuilding prices to fall further?
Newbuilding prices which seemed to be stabilizing could possibly drop by up to 10% additionally by the end of 2013. According to Danish Ship Finance (DSF), newbuilding prices will likely bottom out at about $1,450 per CGT, which is close to the level seen in 2002.
