Japanese ship export orders down by 40.8pct MoM in May – JSEA
According to the data released by the Japan Ship Exporters' Association, Japanese new ship export orders in May 2012 declined by 40.8% MoM on tonnage basis compared to the previous month, decreasing to six ships totaling 305,370 gross tonnes, consisting of one tanker, one crude carrier and four bulk carriers. In May 2011, Japan's new ship export orders totaled 18 ships with 551,270 gross tonnes, Steel Orbis reports.
At the end of the first five months of 2012, Japanese shipbuilders' order books for export totaled 61 ships, with a total tonnage of 3 million gross tonnes, falling by 33.8% YoY.
Meanwhile, in May 2012, Japan delivered 27 ships totaling 1.3 million gross tonnes for export, decreasing from 39 ships totaling 1.8 million gross tonnes recorded in April 2012. In the first five months of 2012, Japan delivered 171 ships for export, totaling 7.7 million gross tonnes, remaining almost stable compared to the corresponding period of 2011.