According to the statistics from Clarkson & Golden Destiny, the newbuilding market is quieting down as we get closer to the end of the year, showing a 47% week-on-week decline.
Totally 35 transactions were reported in the last week with offshore orders accounting for 66% of the total.
However we still see some orders of bulker, gas carriers and containerships. Dry market activity is very limited this week with Chinese shipyards still dominating the traditional sector.
In offshore and special project market, some European players as well as Russia and Brazil are still active in finalizing their new orders negotiation before the end of the year.
As Clarkson says, the industry is now concerning more about how the market will go in 2012. Given the state of global economy and current financing availability, we can see much of the 2012 newbuilding market. Yet uncertainties are still hanging over the market.
The emerging sectors are still projected to play an essential role in the shipbuilding market as more and more shipyards begin to enter the sectors. The competition is to going more intense and cruel.
According to Clarkson, the key of winning orders in the further lies in yards’ capability of designing vessels of flexibility both through fuel efficiency and their economy of ship scale. With all the major yards across Korea, China and Japan all continuing their work in developing these, there will no doubt be numerous opportunities for owners as the year progresses.