Independent journal on economy and transport policy
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BIMCO, the next victims of the crisis will be the ship yards
Sand: "a low level of the orders is exactly this of which the field of the shipping it needs in order to restore the fundamental balance between supply and demand"
September 14, 2016
The crisis financial institution of the South Korean Hanjin Shipping, the seventh company of navigation of the field of the containerized marine transport for ability to the fleet, that mail under controlled administration has forced the Asian carrier to introduce a request for being, demanded that it is received, has centralized the attention of many fields of the economy and the world-wide finance on precarious and sometimes serious state of health of some of the main societies that carry out services of international marine transport.
According to the BIMCO, the main international shipowning association, also the ship yards risk this year dramatically to reveal the impact negative on their activity determined from the crisis of the marine markets and from the phase of difficulty that continues to characterize the world-wide economy. In particular, the association considers that the yards will become the next victim of the deterioration conditions the markets of dry the bulk, the container and the offshore one, chipping of the markets that in 2016 it will make to touch to the world-wide ship yards the record negative of last the twenty years of orders for new constructions in terms of tons of compensated tonnage (tslc).
The BIMCO has found that after a decrease of the activity recorded in period 2010-2012, the business of the shipbuilding has marked a rise in the 2013 that it has induced to consider that in the next years the level of the activity would have stabilized. If in 2014 and the 2015 an light decrease has happened, however with volumes contrattualizzati on levels still elevated in terms of tslc, successively - it has emphasized the association - the activity of the ordered ship yards it is collapsed since the total of the tscl has reached the level more low never recorded.
"After the elevated level of contracts of the 2013 - Peter Sand has explained, chief shipping analyst of the association - BIMCO one attended that the yards could be subject to pressure. This forecast has become truth at the beginning of 2016, with a level of the orders in the first trimester that is the second-lowest one in twenty years".
The BIMCO has specified that in the first eight months of the 2016 ship yards of Europe they have been the only ones to record an increase of the orders having totaled 2,52 million tons of compensated tonnage, with an increment of +45.3% regarding the same period of 2015. Japan and South Korea, instead, have accused the most important bending of the orders, with decreases respective of the -86,7% and of -86,5%. The yards of China have recorded a decrease of -49%.
The BIMCO has specified that, altogether, the cause of the reduction of the orders in the first months of 2016 is attributable mainly to the segments of the tankers and the portacontenitori ships, segments that in the first eight months of the 2015 together represented 67.7% of the total of the orders, while in the period January-August of this year the relative contracts to the tanker have turned out down of the -80,1% and the relative orders to the portacontainer are diminished of -84,1%.
If this is not sure a good news for world-wide the navalmeccanica industry, it is for the shipowning field has assured Sand: "a low level of the orders - it has evidenced - is exactly this of which the field of the shipping it needs in order to restore the fundamental balance between supply and demand".
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