New vessel deliveries hit new high in 2011 in the overall sluggish global economy. However, experts estimate that the delivered vessels are likely to decline in next year.
Clarkson classify all the shipbuilders to three groups: ultra-large shipyards (with orderbook over one million CGT), large shipyards (order catalog between 500k to one million CGT) and small shipyards (orderbook smaller than 500k CGT).
The delivery volume from ultra-large shipyards is projected to hit new high in Q1 2012 and then fall to 64% in Q1 2013 and 31% in Q1 2014.
As for the deliveries from large shipyards, the volume would fall by as much as 82% by Q4 2012.
Shipbuilding industry is to face new crisis if no enough new orders coming in short time. Besides, considering the growing financial distress, the industry may confront with delivery problems.
The newbuilding market has been remarkably active in the past three years with considerable new orders and order catalog. However, in the next three year, all the market players will have to cope with declining sales, inadequate new orders, falling ship value and other issues. Shipbuilders have to adjust strategies and attitudes to face new situations.