According to the recent CANSI report, domestic newbulding output may come up to 60m DWT this year. Monthly output is much higher than new orders received, which further brings the orderbook down.
The declining orderbook, rising cost and high delivery of low-price ships are jointly squeezing shipbuilders’ profits, making conditions for those enterprises more severe. Most experts insist that future shipbuilding market structure would go through obvious changes. LNG carriers, large offshore plants and other ship types meet new regulations would continue the active momentum with bright outlook. Newbuilding price, especially bulker and tanker price are likely to linger at the low level. The currently hot containership newbuilding market is expected to calm down with growing overcapacity.