During November this year, global shipbuilding market was seen to maintain stable recovery trend with a trading tonnage of 10.50m dwt newbuildings (up by 364% year-on-year).

According to data from China Shipbuilding Industry Corporation Economic Research Center, global new orders already amounted to 120m dwt in this year to November, showing great development of market trend. As for orderbook, it was calculated to stand on 269m dwt, as of the end of November. During the same period, global newbuilding delivery decreased by 32% year-on-year to 101m dwt.

While Clarkson’s newbuilding price index recorded 132p in November, showing uptrend for several consecutive months, VLCC and Suexmax tanker, having experienced slowest uptrend since this year, saw a relatively great increase of $2m in each newbuilding price to $92.50m and $58m, respectively, compared to October. This price uptrend is considered to be natural amid situation of strong newbuilding inquiries with rising new contracts.

As for new orders signed during November, bulker took the largest proportion with 6.17m dwt and tanker recorded 1.77m dwt with 17% share while containership took 12% share with 1.27m dwt.

Particularly, recently revealed trading volume of VLCC is eight units, at least, and this is expected to be reflected in December’s new order record, not November. It turned out that all of the VLCC units had been placed at Korean yard, mostly by overseas owners.

In November, global shipyards inked newbuilding agreements for 22 chemical tankers, three LNG carriers, six PCTC, 15 LPG carriers (nine VLGCs included) and etc.

Meanwhile, VLGC orders signed this year to November posted a historic high with 37 units.