South Korean shipyard Hyundai Heavy Industries (HHI) remains the world’s top shipyard, with an orderbook worth more than US$24.4 billion – a double-digit drop in value on-year of 12 per cent, down from US$27.9 billion in March 2015.
VesselsValue.com ranked compatriot yard Daewoo Shipping & Marine Engineering (DSME) in second place, with a US$19.9 billion orderbook, down 2.4 per cent from US$20.4 billion in March 2015.
In third place is Beijing-headquartered conglomerate China State Shipbuilding Group (CSSG), whose businesses include Hudong-Zhonghua and Jiangnan Shipyard. CSSG has a US$15 billion orderbook, a drop in value of 10.7 per cent from US$16.6 billion last spring.
The third member of South Korea’s Big Three shipbuilders remains in fourth place by value of orderbook. Samsung Heavy Industries (SHI) has seen its orderbook shrink 7.1 per cent, from US$11.2 billion in March last year to US$10.4 billion.
In fifth place, Japan-based shipbuilder Imabari is the lone top five yard to have increased the value of its orderbook in the last 12 months, up 9 per cent from US$9.1 billion to more than US$9.8 billion.
VesselsValue.com’s findings reveal that the world’s top five shipbuilders have seen an average drop in orderbook value of 8.2 percent in the last 12 months. Senior data editor Craig Jallal said: “The current top five shipbuilding groups have seen a significant decline in their orderbooks year-on-year.”
