Since the beginning of the H2 of the year, newbuilding price has been in a downtrend, as yards started to reduce prices to fill capacity in the face of the Eurozone crisis, depressed ship financing, etc.
Clarksons Newbuilding Price Index decreased for the four consecutive months, standing at 139.6p as of the end of October, down by 0.8p on previous month. 
This is the first time the index has fallen below 140p since the end of March last year.
Since steel prices in China, Japan and South Korea increased in H1 2011, there has been a slight downward pressure on newbuilding prices. However, recently steel prices have started to fall.
Meanwhile, the overall orderbook as of the end of October remains at 6,451 vessels of a cumulative 393.9m dwt or 125.9m cgt or 251.8m gt, which down by 19% in comparing to the end of 2010 in terms of dwt.
In case of orderbook by shipbuilders, South Korea's Samsung Heavy Industries tops with 186 ships of 8.596m cgt and Daewoo shipbuilding & Marine Engineering takes the second place with 168 vessels of 7.893m cgt. Hyundai HI combined with its Gunsan yard follow with 169 ships or 6.808m cgt.
On the other hand, in orderbook by yard group, Hyundai HI Group including Hyundai Samho Heavy Industries ranks the first place in shipyard groups' share of orderbook, securing 10.255m cgt. Daewoo and Samsung come next with 8.617m cgt and 8.596m cgt, respectively.
There was a total of 80 ships or 2.3m dwt new order placed in October, up by 21% on September in terms of vessel number. AHTS and PSV sectors took the largest quantity of contracts (35%). However, only $2.6bn of contracts were placed, the lowest monthly amount in 2011.
Cumulative new order in the first ten months this year plunges to 1,015 vessels of 24.9m cgt, 4.46m gt, 55.4m dwt, down by 52% on 2010 in terms of deadweight.
South Korea stands at 304 ships of 12.3m cgt, totalling $43.6bn, way ahead of China with 419 vessels of 8.1m cgt, amounting to $14.8bn.
There were 68 ships of 5.2m dwt reported delivered in October. On the whole, a total of cumulative 1,976 vessels of 38.8m cgt or 80m gt or 129.5m dwt were delivered during January-October period.
Korea made deliveries of $41.8bn by October, which is 17% more amounts than China. South Korean yards have been successful to have delivered the greatest value of vessels year to date, despite 17% lesser vessels than China in dwt terms, which well shows Korean builders' concentration on high value ship.
In the year to October a total of 924 bulkers of 78.2m dwt were delivered and about 91.4m deadweight of bulkers are forecast to be delivered in 2011, up by 14% on last year.
Meanwhile, there were 59 vessels of 2.2m dwt sent for demolition in October, the lowest demolitions since February this year, in which 56 vessels were sold for scrap.
A total of 822 vessels (average age of 29.8) of a combined 35.3m dwt were scrapped by October, among which 42% in terms of the number of vessels having been demolished in India.