Japanese shipbuilders’ orders hit a six-year high in 2021

The surge in demand for bulk carriers has driven the number of orders received by Japanese shipping companies in fiscal 2021 to a six-year high.

It is the scenery of the Gulf region of urban area of Japan.
It is the scenery of the Gulf region of urban area of Japan.

April 12

The Japan Ship Exporters Association (JSEA) released the latest data on the number of orders received by Japanese shipbuilding companies in fiscal year 2021 (April 2021-March 2022). In the last fiscal year, the number of orders received by Japanese shipbuilding companies reached 313 ships of 14.2992 million GT, a year-on-year increase of 59.8%, and the year-on-year increase for the second consecutive year. This is also the year since the 2015 fiscal year (2018 million GT). The number of orders received exceeded 14 million GT for the first time.

According to JSEA data, orders received by Japanese shipbuilders in fiscal 2021 increased by 136 vessels to 313 vessels, an increase of 77% compared with 177 vessels in fiscal 2020. Among them, the order volume of bulk carriers increased by 123 to 218, a sharp increase of 129% from 95 in fiscal year 2020, and the proportion increased from about 50% to 70%. Orders for cargo ships such as container ships increased by 17 to 69, a 33% increase from the 52 in fiscal 2020, of which 43 were bulk container ship orders. The number of tanker orders decreased by 5 to 24, and the orders for VLCC, LPG and product oil tankers all declined.

March this year

The number of orders received by Japanese shipbuilding companies was 49 ships of 1,827,490 GT, a year-on-year increase of 75%, and a year-on-year increase of 21.2% in terms of tonnage, setting the highest monthly order record since June 2021, ending the three consecutive years since December last year. month's decline.

According to JSEA data, new ship orders received by Japanese shipbuilders in March included 13 general cargo ships and 36 bulk carriers. Among them, 13 cargo ships include 8 container ships, 3 general cargo ships and 2 ro-ro ships, with a total of 627,990 GT; 36 bulk carriers are 21 Handysize, 11 Handysize, 2 Panamax, 1 Cape of Good Hope and 1 ore carrier, totaling 1,199,500 GT.

The first 3 months of this year

Japanese shipbuilding companies received a total of 73 orders of 2,782,090 GT, down 24.6% year-on-year, including 16 general cargo ships (785,980 GT), 55 bulk carriers (1,963,410 GT), 1 oil tanker (30,600 GT) and 1 other ship (2100 GT).

By the end of March 2022

Japanese shipbuilding companies have a total of 411 orders of about 19.01 million GT, which is lower than the 18.5 million GT at the end of last month, an increase of 4.6% compared with the end of February, and the first monthly increase in three months. At present, the number of orders held by Japanese shipbuilding companies is approximately equivalent to 1.9 years of workload, and gradually recovers to a 2-year period close to the normal level.