Japanese Shipping Companies Doubled Their Orders Last Year

- Apr 19, 2018-

On April 12, the Japan Ship Exporters Association (JSEA) released data showing that the number of orders received by Japanese shipping companies in 2017 reached 9.957233 million GT, 2.1 times that of 2016. From the second half of last year, the Japanese shipbuilding industry gradually showed signs of recovery. Although this figure is still only half of the level in 2015, the shipbuilding industry has not yet truly shaken the downturn, but the strengthening of environmental protection rules in the future will bring more shipbuilding needs. LR ELBOW

 

According to the data of JSEA, in 2017, Japanese ship companies received a total of 210 orders for new ships, of which more than 90% were bulk carriers with a total of 183 ships, in addition to 10 container ships and 17 tankers. In March this year, the number of orders received by Japanese shipping companies decreased by 2% compared to the same period of last year, and fell to 32 ships and 1,504,300 GT. This is the first time since December 2016 that a single month's decline in orders received by Japanese shipping companies has taken place in the past 15 months.

 

Although shipbuilding orders have decreased, JSEA pointed out that, as a whole, orders have continued to show signs of recovery. B16.9 ELBOW

 

In spite of this, by the end of March this year, Japanese shipbuilders had a total of 27.22 million GT orders (512 vessels), a decrease of 1.41 million GT compared with the same period of last year, but an increase of approximately 421,000 compared with the end of February (end of February 2018). Tons, the second consecutive month of growth. SLIP ON FLANGE

 

In addition, during the 2017 fiscal year (April 2017 to March 2018), the Japanese shipyard received orders for new ships of 9.95 million GT, an increase of 107.8% over 2016. The order number was 210, of which 183 bulk carriers, 10 container ships and 17 tankers.

 

The situation that the delivery of new ships exceeds the quantity of orders is still continuing. It seems that the Japanese shipbuilding industry has not yet achieved a real recovery. WELD NECK FLANGE