After a record delivery month in June, when 20.2m dwt of capacity was delivered, newbuilding delivery is in a sharp downturn, as 11.2m dwt was delivered in July and a total of 5.8m dwt newbuildings were reported as being delivered in August.
While application of new PSPC and seasonal effect seem to have caused fluctuation of recent monthly delivery, this year is projected to set a new record of highest delivery during a full year.
According to Clarkson, 113.6m dwt (1,743 vessels) has entered service in the first eight months of 2012, increased by 3.5% year-on-year, bringing monthly average to 14.2m dwt.
2012 is expected to see 169m dwt output globally during the full year, exceeding 163m dwt delivered in last year.
During January-August period, Asian shipbuilders have delivered 111.9m dwt (1,595 vessels), which represents 98.5% (91.5% in numerical terms) of global deliveries, while European shipyards have output 1.3m dwt (113), representing a decline in European deliveries of 30% on an annualized basis.
Chinese shipbuilders have delivered 47.5m dwt (805) and Koreans 37.8m dwt (349), while vessels delivered by Chinese yards and Koreans worth $30.1bn and $30.3bn each.
Clarkson forecast that Chinese and Korean shipyards will record the largest delivery ever. Chinese is expected to deliver 73.4m dwt in the full year of 2012, exceeding 67.9m dwt delivered last year and Korean will deliver 54.3m dwt this year, more than 53.9m dwt delivered in 2011.
Meanwhile, global newbuilding orderbook as of the end of August stood at 281.6m dwt (4,795). Korea's Hyundai Heavy Industries, Samsung HI, STX Offshore & Shipbuilding, Daewoo Shipbuilding & Marine Engineering and Hyundai Mipo Dockyard took the World's first to fifth place, in order, of orderbook by shipbuilding group.