Ordering Rises, Scrapping Goes on
New businesses have been reported in the past week, including product carrier, LPG carrier, PCTC, etc., as well as drillship, offshore subsea construction vessel, etc.
Clarkson Hellas mentioned, "The newbuilding orderings were concluded across a range of sectors recently and these latest businesses certainly be welcomed against a challenging macro economic & trading environment, while 2012 has so far been a comparatively quieter year in the newbuilding market."
The overall orderbook now stands at its lowest level since 2005 having been in decline over the past four years.
Particularly, yards are striving to make improvement to the efficiency in an effort to win newbuildings. With oil prices continuing to skyrocket, demand for green ship soars as well.
"It will certainly be an interesting story to follow to see how owners react to this and the impact the coming two tier market," Clarkson added.
Meanwhile, according to Golden Destiny, scrapping for old ship still continues. In a recent week, a total of 22 vessels of a cumulative 1.38m dwt went to breaking yards, of which 48% accounted for bulker, 20% for containership and 20% for cargo ship.
Particularly, 188,000 dwt capesize bulker, delivered in 1986 and sold for demolition at a Bangladesh yard, was sold at $490/ldt, the highest rate last week.