The evolution of the shipbuilding industry since the previous SMM

the_evolution_of_the_shipbuilding_industry_since_the_previous_smm_clarksons_research_37465.jpg
Image Source: PortWays
xDOWNLOAD

The evolution of the shipbuilding industry since the previous SMM - Clarksons Research

The evolution of the shipbuilding industry since the previous SMM - Clarksons Research

Clarksons Research announced that next month over 50,000 will gather for the biennial SMM fair in Hamburg. Since the last fair (coinciding with the lowest ever ClarkSea Index!) there have been major developments, not least in environmental regulation. Despite an eroding newbuild orderbook, a modest uptick in ordering and recent enthusiasm for scrubbers are set to combine with plenty of positive discussion around technology and digitalisation!

Backlog Eroding

Since the last SMM, the ordering drought in 2016 (just 655 orders*) has helped run down the total orderbook value to USD 221 billion (SMM 2016: $278 billion) and to a low of 10% of the fleet. Meanwhile, ship-yard output continues to edge down and we are projecting that 2018 deliveries will fall 11% to 30m CGT (see graph) with a further drop in 2019. While the newbuild market backdrop invariably sets the mood for the many suppliers at SMM, this time round there are other opportunities that will create a positive buzz

Cruising To Success!

With shipping markets looking like they may have bottomed out, a modest or-dering pick up in 2017 to 26.7m CGT (2016: 13.6m CGT) has provided some welcome relief for yards and suppliers (although 1H 2018 has been a bit flatter with 13.2m CGT in the first half, in part due to higher new....

read more from steelguru.com