Japanese Shipyards See Near Sevenfold Decrease in FY 2016 Export Orders

Image Courtesy: JSEA

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>


<< Mar 2018 >>
26 27 28 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 31 1

Singapore Maritime Technology Conference and Exhibition (SMTC) 2018

The 3rd Singapore Maritime Technology Conference and Exhibition (SMTC) 2018 is organized by the Maritime and Port Authority of Singapore…

read more >

Shippax Ferry Conference 2018

The two-day onboard ferry conference was first organized in 2003 and grows ever more popular with some 400 delegates from over 40 ferry…

read more >

8th Dredging & Land Reclamation World Summit 2018

The 8th Dredging and Land Reclamation Summit 2018 will gather the decision makers from Authorities and Operators responsible for ports…

read more >

Shipping 360

This course is ideal for those who have recently joined the maritime sector and those who need to have a better understanding…

read more >