5900 per cent! Monthly orders for newbuild containerships soared year-on-year
In October, the global transaction of new ship orders for 85 5.78 million deadweight tonnes, new ship orders than in September basically remained stable, by deadweight tonnes, up 0.7% year-on-year. In October's new ship orders, container ships still accounted for the highest proportion of the ship type, by deadweight tonnes, accounting for more than 50%; followed by tankers, new ship orders accounted for 29% of all orders in October. in October, China's new ship orders are still ranked first in the world, by deadweight tonnes, accounting for 56.9% of the global order.
Total new orders fell sharply from a year earlier
In October 2024, global transacted new ship orders for 85 vessels of 5.78 million dwt were down 40.1% and 27.1% year-on-year, and down 16.7% and up 0.7% sequentially. Global ship completion and delivery of 97 ships 5.69 million deadweight tonnes, down 21.1% and 20.6% year-on-year. 5,426 ships 347 million deadweight tonnes of global ship orders on hand at the end of October, up 17.0% and 28.4% year-on-year.
Container ship market continues to be hot
Container ships, from Clarkson statistics, in October, the global transaction of new ship orders for 26 3 million dwt, by dwt, up 5900% year-on-year, of which 8 for feeder container ships, the remaining 18 for large container ships. Bulk carriers, in October, the global turnover of new ship orders for seven 380,000 deadweight tonnes, by deadweight tonnes, down 90.9% year-on-year, of which three for large handysize bulk carriers, the remaining four for Panamax bulk carriers. As for oil tankers, in October, the global transaction of new ship orders for 21 170 dwt, by dwt, up 14.1% year-on-year, of which 2 for chemical tankers, 14 for product tankers, the remaining 5 for crude oil tankers. Gas carriers, in October, the global transaction of new ship orders for eight 510,000 dwt, according to dwt, down 76.4% year-on-year, of which one for LNG carriers, four for liquid ammonia carriers, and the remaining three for ethane ethylene carriers, the only order for one LNG carrier was won by South Korea's Samsung Heavy Industries.
Newbuilding prices have fallen slightly
As of October 2024, the Clarkson Newbuilding Price Index closed at 190 points, down 0.2 per cent sequentially and up 7.7 per cent year-on-year. From the main ship types, the Clarkson Newbuilding Price Index for bulk carriers, oil tankers, container ships and gas carriers were 175 points, 223 points, 117 points and 208 points respectively; in addition to a slight drop in the price of gas carriers year-on-year, the newbuilding prices of other ship types remained stable, with the price of gas carriers dropping by 0.1% year-on-year; the newbuilding prices of all ship types rose year-on-year, with those for bulk carriers, oil tankers The newbuilding prices of bulk carriers, tankers, container ships and gas carriers rose by 6.9%, 8.0%, 12.1% and 6.2% respectively. From the typical ship type, 23,000 TEU container ship newbuilding prices continue to rise, reaching $274 million; VLCC newbuilding prices remained stable at $129 million; 174,000 cubic metres LNG carrier newbuilding prices continue to fall, down to $261 million.
China continues to top the global newbuilding order book
In October, Chinese shipyards traded new ship orders for 64 ships 3.29 million deadweight tonnes (1.62 million gross revised tonnes), according to the deadweight tonnage, the global market share of 56.9%, ranking the world's first; South Korean shipyards traded new ship orders for 15 ships 2.16 million deadweight tonnes (740,000 gross revised tonnes), according to the deadweight tonnage, the global market share of 37.4%, ranking the world's second; Japan's shipyards traded new ship orders for 1 ship 320,000 deadweight tonnes (44,000 gross revised tonnes), according to deadweight tonnes, the global market share of 5.5%, ranking third in the world.