Japanese Newbuild Export Orders Rise

17 March 2010 (Last Updated March 17th, 2010 18:30)

Foreign ship orders surged for the third consecutive month in February after a 14-month slump, according to the Japan Ship Exporters' Association (JSEA). The JSEA said the February rise of 30.8% followed increases of 71.5% in December 2009 and 50.5% in January 2010. In February, J

Foreign ship orders surged for the third consecutive month in February after a 14-month slump, according to the Japan Ship Exporters’ Association (JSEA).

The JSEA said the February rise of 30.8% followed increases of 71.5% in December 2009 and 50.5% in January 2010.

In February, Japanese shipbuilders received orders for seven export bulk carriers with a total tonnage of 383,670t.

Japanese export ship orders sank 61.4% from the previous year to 5,412,570t for the first 11 months of fiscal 2009, the JSEA said.

During the April 2009-February 2010 period, Japanese shipbuilders won orders for 101 export ships, which included 74 bulk carriers, 17 oil tankers, eight general cargo ships and two other vessels.