According to Golden Destiny, China secured new orders for 125 vessels in the first nine months of this year, surpassing Greece by 28 vessels.
China won new orders for 67 bulkers, 27 tankers, four LNG carriers, 18 containerships, two passenger ships and four offshore plants by the end of this September. Orders for tankers boomed by 325% against the same period of last year due to the large orders from compatriot state-owned companies. On the contrary, orders for bulkers declined by 76%.
In the same period, Greek shipyard totally secured orders for 40 bulker, 20 tankers, 15 gas carriers, 20 boxships and two PCTCs. New orders for containerships see a rise of 250% year on year while orders for gas carriers dropped by 100%.
In the period, China owners invest a total amount of $3.64bn in newbuilding sector while Greece invests $3.80bn which is much lower than the total investment of $8.0bn in last whole year. Besides, Golden Destiny reveals that bulker and tanker are still the main sector Greece invests in, which accounts for 62% of the total.
Overall, global newbuilding market is on the downturn: the average order volume per quarter has declined to 350 vessels from 445 vessels.