In the dynamic maritime industry, the shipbuilding sector is witnessing a notable surge in new orders, indicative of recovery and growth. As global trade continues to rebound, shipbuilders are gearing up to meet the increasing demand for new vessels, driven by advancements in technology, sustainability initiatives, and regulatory changes.
The rise in new construction orders can be attributed to various factors, including the introduction of greener ships that comply with stricter environmental regulations.. Shipowners are investing in modern fleets equipped with energy-efficient technologies to reduce operational costs and meet the demands of eco-conscious consumers.
Additionally, the focus on enhancing cargo capacity, coupled with innovations such as automation and digitalization, is shaping the future of shipbuilding. As a result, leading shipyards are ramping up production capabilities to secure their place in an increasingly competitive market.
In the following table, we present the Top 10 Shipbuilders by new construction order book (Source HIS fleet data).
|
Ranking in GT |
Shipyard |
Total mGT |
Total No of Vessels |
|
1 |
Samsung Heavy Industries |
40.5 |
343 |
|
2 |
Daewoo Shipbuilding and ME |
28.8 |
192 |
|
3 |
New Times Shipbuilding Co |
28.1 |
338 |
|
4 |
Hyundai Heavy Industries (Ulsan) |
27.9 |
240 |
|
5 |
Hyundai Samho Heavy Inds. |
23.1 |
210 |
|
6 |
HD Hyundai Heavy Industries |
22.0 |
202 |
|
7 |
Shanghai Waigaoqiao Shipbuilding |
19.2 |
197 |
|
8 |
Jiangsu Sewyangzi Shipbuilding |
19.1 |
354 |
|
9 |
Hanwha Ocean shipbuilding |
18.6 |
136 |
|
10 |
Hudong-Zhonghua Shipbuilding |
15.1 |
115 |
This data reflects each company’s ability to adapt to changing market conditions and capitalize on emerging opportunities within the global maritime landscape.
