The New Shipbuilding Market In China And Greece Is Weakening.

It is reported that the reduction in new orders in the first two months of 2011 as a result of the tightening of Chinese and Greek Shipowners' funds also proved that the new shipbuilding orders began to weaken in 2011. Although many orders were reported in March, including Shandong Cape of Good Hope and super smart bulk carriers, the shipowners in China and Greece seemed to have disappeared in the market in February 2011.

Clark Song's latest data show that China and Greece Shipowners made only $800 million in new shipbuilding in January, accounting for only 4.8% of the world's total new orders. In February, only Longsheng shipping in Ningbo, China, set up 4 76000 heavy duty tons of Panama bulk carriers.

According to the current trend, the Greek Shipowners' investment in new shipbuilding will drop by 88% in 2011, while that in the Chinese shipowners will be 73%. On the other hand, European shipowners, especially Denmark and other countries, have increased investment in new shipbuilding, up 12% and 146.8% over the previous year. Most notably, Maersk collectively set up 10 18000TEU container ships with a total value of 1 billion 900 million dollars and 7 orders for drilling ships valued at US $4 billion 600 million, made by Brazil state oil company.

According to Clark Song, in February, only 53 new ship order contracts were signed in the world, a total of 420 thousand deadweight tons, which was 34.6% lower than last month. It is also indicated that 2011 may be the minimum period for new dry bulk carriers and tankers. With Maersk's orders for the super Panama container ship built in Daewoo, it made the whole world in February. Order Central container ships account for 34%. In February, there were no oil tanker orders, and bulk carriers only had 15 orders.

However, Clarkson In January, the number of orders was revised from 64 to 81.