The first week after the National Day holiday witnesses a surge of new orders both at home and abroad. Totally 51 vessels were ordered globally in the week, growing by 143% against the week before the holiday.
In last week, Chinese shipyards totally won orders for 32 vessels, 30 vessels more than the week before National Day and accounting for 63% of the total globally. The 32 vessels include nine bulkers, eight boxships, seven drilling ships and four tankers, whose owner are mostly from Europe.
Orders for foreign shipbuilders keep the same level with the week before the holiday and come up to 19 vessels. Korea still keeps the dominant position in newbuilding market, especially in high-value-added ships. Japanese shipyards receive no order in the period.
The depression and overcapacity in shipping market has seen no improvement till now. Therefore, shipowners are still prudent in ordering new vessels.