The new shipbuilding market this week was slightly deserted and only 11 new ships were signed. SK Shipping has ordered two VLCCs for modern heavy machinery in Ulsan, South Korea. The single-ship price is about US$105 million. From the past month, the shipping price has been stable.

The ratings for the new ship market this week are: Tanker - low; Dry bulk carrier - low; Other type - Low.

Nearly a week signing a new ship construction contract

Ship Type Quantity (DWT) Shipyard Shipownership Single Shipment Price (Million USD) Remarks Bulk Carrier 1 175000 Mitsubishi NYK 2012 Bulk Carrier 3 206000 CSSC Dragon Cave Sinotrans 2012-
2013 Bulk Carriers 3 206000 SWS Dryships 2013 Tanker 2 318000 HHI SK Shipping 2012 $105 Million Chemical Tanker 2 9000 Dongfan Oriental Ocean 2012 3000
Shipbuilding market price in the last week (average price in the Far East: 10,000 US dollars)
Ship tonnage (Million tons) This week's price Last week's price This year's lowest price This year's highest price Giant oil tanker 30.102 billion U.S. dollars 102 million U.S. dollars 9500 U.S. billion Suez tankers 15 6500 6500 6100 6500 Aframax tanker 11 5500 5500 5000 5500 Product Oil Tankers 4.7 3600 3600 3450 3600 Capesize Bulk Carriers 18 5700 5700 5500 5700 Panamax Bulk Carriers 7.6 3700 3700 3500 3700 Handy Bulk Carriers 5.6 3100 3100 3000 3100
Note: All the above transaction price data does not serve as any price evidence and is for reference only!