Orderbook for newbuildings at seven-year high

Image: SHI.
Image: SHI.

According to six-month data from market research firm, Clarkson Research Service, the global ship orderbook stands at a seven-year high as of 1st June.


The shipbuilding industry is riding a high due to a strong rebound in orders from the maritime industry in 2021.

Chinese and Korean yards both reported strong increases in orders this year and the two countries have been keeping neck and neck during the first six months of the year.

During the first half of 2021 Chinese shipbuilders recorded orders totalling 10.59 million compensated gross tons (CGT), giving it the biggest increase in orders this year.

However, the gap between China and South Korea is less than one per cent, with South Korea recording orders for 10.47 million tons in the first half of the year.

Clarkson reports that global new orders in the first six months of the year rose by nearly three times 2020 levels. The global shipbuilding industry reported 24.02 million CGTs in new orders between January and June 2021, compared with just 8.24 million tons in 2020.

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