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2010 October 20   09:04

Japanese ship orders up 96.1 percent in September

Orders for ships received by Japanese exporters increased for the 10th consecutive month in September, surging 96.1 percent compared with the depths of the recession a year ago.
In September, Japanese shipbuilders received orders for 30 export ships -- all of them bulk carriers. The 30 ships total 502,793 compensated gross tons. Gross tonnage in September was still 51.9 percent lower than in September 2008, according to figures released by the Japan Ship Exporters' Association on Tuesday.
The year-on-year pace of growth in September was also slower than 111.3 percent in August.
In the first half of fiscal 2010, which started in April, Japanese export ship orders totaled 6,933,231 gross tons, up 108.6 percent from the same six-month period last year.
Japanese shipbuilders have not received any orders for container ships since the beginning of the fiscal year in April.
Japan started providing official financial support early this year to shore up slumping vessel exports, through the government-affiliated Japan Bank for International Cooperation.

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