Ship order status(‘22/3M)

1.     Ship order by ship type

 

1-1.        Dry bulk

Looking at the order book for dry bulk ships, 24,524,422DWT in 2022 / 26,968,050DWT in 2023 / 11,010,940DWT in 2024 are scheduled to be delivered respectively. The main feature is that the proportion of bulk carrier orders from Japanese shipping companies by year is very high. In both 22/23/24 years, it can be seen that Japanese shipping companies ranked first in bulk carrier orders.

2022	24,524,422(DWT)
Unknown Japanese	8,417,500
Unknown	1,367,291
Oldendorff Carriers	1,140,600
ICBC	840,000
Far Eastern Group	709,990

2023	26,968,050
Unknown Japanese	6,638,950
Unknown	2,398,000
Himalaya Shipping	1,456,000
CMB	1,260,000
Far Eastern Group	1,190,000

2024	11,010,940
Unknown Japanese	1,760,650
Eastern Pacific Shpg	1,050,000
Himalaya Shipping	1,040,000
Nippon Yusen Kaisha	750,000
Huaxia Financial	698,500

 

1-2.        Container

Looking at the order book status of container ships, 872,817TEU in 2022 / 2,381,083TEU in 2023 / 2,561,504TEU in 2024 / 582,287TEU in 2025 are scheduled to be delivered. In particular, as more than 2 million TEU container ships are scheduled to be delivered in 2023 and 2024, respectively, it is expected to negative affect SCFI ocean freight rates in the future.

2022	872,817(TEU)
Evergreen Marine	119,516
Atlas Corp (Seaspan)	110,038
Imabari Shipbuilding	99,476
Eastern Pacific Shpg	89,776
Capital Maritime	65,636
Zodiac Maritime	60,000

2023	2,381,083
Atlas Corp (Seaspan)	327,000
China COSCO Shipping	221,092
Wan Hai Lines	150,747
Eastern Pacific Shpg	149,082
Hapag-Lloyd	141,000

2024	2,561,504
Atlas Corp (Seaspan)	359,000
MSC	212,558
Evergreen Marine	207,600
Unknown	182,800
CMA CGM	178,500

---

2.     Ship order by country

 

2-1. China

The total number of ships coming out of the Chinese shipyards is expected to be delivered by 640 in 23 years and 378 in 24 years. Looking at so far in 2022, 146 ships have been delivered, and an additional 751 ships are delivered during the remaining period, with a total of 897 ships scheduled to be delivered in 2022. 

Built	Delivered Vessels	Delivered Dwt	Delivered CGT	Orderbook Vessels	Orderbook Dwt	Orderbook CGT
2017	795	39,042,521	12,405,233
2018	720	35,701,515	11,904,609
2019	746	37,814,560	11,997,113
2020	666	37,950,030	11,309,639
2021	900	41,858,968	13,979,592
2022	146	7,443,315	2,416,515	751	29,160,430	11,409,616
2023				640	38,534,938	14,164,549
2024				378	25,890,573	11,151,876

 

 

2-2. South Korea

In the case of Korea, the number of ships delivered by year was 277 in ‘23 and 185 in ‘24, which is an absolute decrease compared to the previous year. However, if you look at the CGT, which includes the difficulty of ship construction such as the ship's processing man-hours, facility capacity, and ship price, it can be seen that the CGT increases significantly in 22/23/24 years, respectively. This means that many high-value-added ships such as LNG are built in Korea. 

Built	Delivered Vessels	Delivered Dwt	Delivered CGT	Orderbook Vessels	Orderbook Dwt	Orderbook CGT
2017	309	31,462,509	10,596,295
2018	206	19,758,476	7,780,084
2019	235	32,631,621	9,579,764
2020	220	24,939,937	8,840,961
2021	235	24,672,099	10,540,715
2022	41	4,996,629	1,531,738	176	19,493,907	6,909,886
2023				277	26,179,607	10,981,941
2024				185	18,172,100	10,394,114
2025				49	5,459,200	3,612,437
2026				1	8,200	45,213

 

 

2-3. Japan

Japan also shows a similar trend to Korea. The absolute number of ships is expected to decrease to less than 200 compared to the past, but according to the CGT standard, it is 10,876,863 in FY23, indicating that there are many high value-added contracts. 

Built	Delivered Vessels	Delivered Dwt	Delivered CGT	Orderbook Vessels	Orderbook Dwt	Orderbook CGT
2017	440	20,567,671	6,933,908
2018	401	20,203,255	7,702,246
2019	472	24,858,711	8,277,097
2020	427	22,572,856	6,282,937
2021	361	17,139,257	5,421,134
2022	56	3,899,559	1,090,747	281	13,860,560	4,227,614
2023				178	10,876,863	3,290,820
2024				48	3,958,870	1,229,138
2025				7	434,500	171,557
2026				2	4,500	24,119

  

 Thanks.