Ship Build Orders Reach Peak in August

14 September 2009 (Last Updated September 14th, 2009 18:30)

Global new ship build orders in August have hit a new monthly record for 2009, according to a study. Orders in the first three weeks of August stood at just 552,000dwt worldwide but they jumped in the fourth week, bringing the total new contracts signed in the month to 6.132 million dw

Global new ship build orders in August have hit a new monthly record for 2009, according to a study.

Orders in the first three weeks of August stood at just 552,000dwt worldwide but they jumped in the fourth week, bringing the total new contracts signed in the month to 6.132 million dwt, which is the highest monthly record of this year exceeding July’s figure of 6.107 million dwt.

Orders in August include six 320,000dwt class large crude carriers heading for Shanghai Waigaoqiao Shipbuilding, part of China State Shipbuilding Corporation.

Chinese shipbuilders accounted for 71% of the entire orders in August while South Korean shipbuilders made up 26%.

The statistics were complied by Clarkson Research Services.