Shipbuilding and shipping market experts in China prospected that shipping market would mildly improve this year and about a total of 60m-75m dwt newbuildings would be invested in the world, amid protracted stagnant global economy, newly adopted regulations in the industry, declining newbuilding delivery and lower newbuilding prices, etc.
Also, they predicted that LNG carrier, LPG carrier, car carrier, chemical tanker, etc., would take center stage, as well as offshore market. More shipbuilding and shipping players would concentrate on developing eco-friendly technologies.
Due to shrinking orderbook and falling newbuilding prices but rising cost of production, China's shipbuilding and its related industries economic indexes would maintain their downtrend this year.
In 2013, newbuilding delivery is predicted to stay at around 55m dwt and new order to slightly grow, while orderbook would drop under 100m dwt.
Chinese market players suggested local shipbuilders builds up new growth engine with changing demand, eye niche market through structural upgrade, improve ship quality. Also, they proposed to improve China's competitiveness by tightening international cooperation and diversifying product portfolio.