Recent shipbuilding orders have focused on fuel-efficient vessels but the global newbuildings market is likely to remain quiet in coming weeks as Korean holidays take place, brokers Clarksons said.
The newbuilding market has seen some further activity with orders reportedly placed in both the dry and container/roro sectors, it said. "Enquiry has continued to remain relatively subdued however and we do not anticipate this changing over the coming weeks, especially with the summer shipyard holidays in Korea on the near horizon." it said. "This latest ordering has followed the trend of the year so far, with these orders being placed at the yards for their recently developed fuel-efficient designs. This efficiency continues to give the yards a key selling feature when working with potential buyers and whilst it is true that financial liquidity remains limited in the market, there do remain some buyers with the capacity to order, as highlighted by these latest contracts." With demand continuing to remain limited across the conventional sectors, it is of little surprise that the yards continue to try and broaden their product ranges. For the first time on record, investment into the offshore sector is understood to have outpaced that of investment in the conventional shipping sectors during the first half of 2012, the report said. "Fortunately for many of the shipyards, not only just in Korea, but in China and Japan too, this broadening of their traditional product ranges into offshore has helped alleviate some of the pressures in the current market and will be a story to follow as to whether this continues on throughout the second half of the year."
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