In May this year, global ship orders fell more than half compared to May of last year, while the domestic shipbuilding industry ranked second in order volume after China.
According to the British shipbuilding and shipping market analysis agency Clarkson Research on the 5th, global ship orders in May recorded 1.66 million CGT (71 ships in standard ship tonnage). This is a decrease of 55% compared to 3.66 million CGT in May of last year.
Of this, Korea secured 250,000 CGT (8 ships, 15%) to rank second in order volume after China's 620,000 CGT (42 ships, 39%).
The CGT per ship for Korea was 31,000 CGT, which was 2.1 times higher than China's 15,000 CGT. This means that Korea secured more high-value-added ships than China.
As of the end of May, the global order backlog was 163.44 million CGT, an increase of 1.23 million CGT from the previous month. By country, the order backlog was 96.39 million CGT (59%) for China and 36.3 million CGT (22%) for Korea. Korea and China's order backlogs decreased by 3.09 million CGT and 21.2 million CGT, respectively, compared to May of last year.
The Clarkson ship new building price index recorded 186.69 points, a drop of 0.42 points compared to the previous year.
For each type of ship, the price for a liquefied natural gas (LNG) carrier of more than 174,000 cubic meters was $255 million, a very large crude carrier (VLCC) was $125 million, and a very large container ship was $273.5 million.