The global new shipbuilding market has cooled significantly this year. Continuing its strong performance in April, Chinese shipping companies ranked first in May, while French shipping companies rarely jumped to second place with large orders for luxury cruise ships, breaking the pattern of long-term monopoly of the top two global new shipbuilding market in China and South Korea.
According to data released by Clarkson on June 5, in May this year, the global new ship order transaction volume was 71 ships of 1.66 million revised gross tonnage (CGT), a decrease of 55% from the 3.66 million CGT in the same period last year and a decrease of 64% from the 4.6 million CGT in April this year. Among them, Chinese ship companies received orders for new ships of 42 ships of 640,000 CGT, with a global market share of 39%, continuing to top the list; while Korean ship companies received orders of 8 ships of 250,000 CGT, with a global market share of 15%, falling to third place.
It is worth mentioning that in May, the total number of new ship orders received by ship companies from China and South Korea accounted for 54% of the global market share, a sharp drop of more than 30 percentage points from 86% in April. This is mainly because the French Atlantic Shipyard (Chantiers de l’Atlantique) on May 19, it undertook the construction contracts of the two "World Class" LNG-powered luxury cruise ships "World Class 5" and "World Class 6" from the world's third largest cruise company, Mediterranean Cruise Company, worth up to 3.5 billion euros (about 3.9 billion US dollars, 28.6 billion yuan). The total tonnage of the two cruise ships reached 217,000 tons, carrying about 5,400 passengers.
Clarkson data shows that in May, French ship companies received 3 new ship orders and 546,000 CGT, with a global market share of 32.7%, ranking second; Japan received 9 new ship orders and 158,000 CGT, with a global market share of 9.5%, ranking fourth.
From January to May this year, the global cumulative new ship orders were 515 and 15.92 million CGT, a 45% decrease from 1,242 and 29.18 million CGTs in January to May last year. Among them, Chinese shipping companies received orders of 274 ships and 7.86 million CGT, with a market share of 49%, ranking first in the world; Korean shipping companies received orders of 95 ships and 3.81 million CGT, with a market share of 24%, ranking second.
As of the end of May this year, the global handheld order volume was 163,440 CGT, an increase of 1.23 million CGT from the end of April. Among them, China's new handheld ship orders reached 96.39 million CGT, continuing to rank first with a market share of 59%; South Korea's new handheld ship orders reached 363.07 million CGT, with a market share of 22%, ranking second.
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