The low newbuilding prices have certainly made shipowners order new ships. A new study from Clarkson Research shows that orders for 35.56 million cgt (Compensated Gross Tonnage) have been registered since the beginning of the year until and including October. A significant increase of 74 percent compared to 2012, says Asiasis.
According to Clarkson, orders placed in October amounted to 3.16 million cgt, and 1.80 million cgt of these went to Chinese shipyards, which thus surpassed their South Korean competitors by 550.000 cgt. Especially commercial ships in dry bulk, container, and product tank experienced growth in 2013.