Clarkson's July data for the new shipbuilding market has been released, showing that the sharp decline in new ship orders since the beginning of the year continues, with monthly order volumes halving again, and Chinese shipyards once again topping the rankings!
According to data released by Clarkson on August 12, global new ship orders in July totaled 2.03 million corrected gross tons (58 vessels). Based on corrected gross tons, this represents a 58% year-on-year decline from the same period last year (4.87 million corrected gross tons) and a 43% month-on-month decline from the previous month (3.54 million corrected gross tons).
By country, Chinese shipyards secured 1.52 million CGT (43 vessels), accounting for 75% of the market share, ranking first globally; South Korean shipyards secured 0.33 million CGT (8 vessels), accounting for 16% of the market share, closely following behind. The difference in market share between the two reached as high as 59%.
Data shows that from January to July this year, the global total of new ship orders was 23.26 million CGT (788 vessels), a sharp decrease of 51% compared to the same period last year (47.65 million CGT, 1,973 vessels). During this period, Chinese shipyards received orders totaling 13.03 million CGT (463 vessels), accounting for 56% of the market share, a decrease of 59% compared to the same period last year, ranking first; South Korean shipyards received orders totaling 5.24 million CGT (123 vessels), accounting for 23% of the market share, a decrease of 37% compared to the same period last year, ranking second.
