Japanese Shipyards See Near Sevenfold Decrease in FY 2016 Export Orders

Japanese shipbuilders received 85 percent less export ship orders in Fiscal Year 2016 to date compared to the same period in FY 2105, data provided by the Japan Ship Exporters Association shows.

In the period between April 2016 and November 2016, Japanese shipyards received a total of 46 new export ship orders totaling 1,945,949 gross tons, compared to 305 new orders totaling 16,628,636 GT recorded in the same period a year earlier.

In November alone, the country’s shipbuilders signed only five new contracts totaling 336,300 GT, compared to 29 contracts totaling 1,095,000 GT signed in November 2015.

Some of the main reasons for the worrying dip in export orders is increased competition from Chinese and South Korean yards, as well as dwindling newbuilding orders due to a prolonged slowdown in the dry bulk and container shipping markets caused by a sluggish demand and a structural overcapacity, accompanied by low freight rates.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jun 2019 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

The Smart Ship Exchange

The Exchange will look at the issues involved with increasing autonomy in shipping with an introduction to the concept…

read more >

Electric & Hybrid Marine World Expo Conference 2019

Electric & Hybrid Marine World Expo Conference is the world’s only international conference…

read more >

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >