As of April 2025, the global newbuilding ship order book reflects a dynamic landscape in the maritime industry. The demand for new vessels continues to grow, driven by emerging markets, stricter environmental regulations, and the need to modernize fleets. The ranking of classification societies is related to their specialization in certain types of vessels that are popular during this period, as well as the aging of the global fleet. Tankers, in particular, will need to be renewed due to their age, and Lloyd’s Register (LR), the American Bureau of Shipping (ABS), and DNV are strong contenders in this segment.
Currently, the order book remains strong, featuring a diverse array of vessels, including bulk carriers, container ships, and specialized tankers. Notably, there has been an increase in orders for eco-friendly ships, as shipowners increasingly prioritize sustainability to meet the International Maritime Organization’s decarbonization targets. This shift has prompted many shipyards to enhance their capabilities and invest in technologies that support green initiatives, such as LNG and hydrogen propulsion systems.
Shipbuilders in Asia, especially in South Korea and China, continue to dominate the market with their advanced facilities and competitive pricing. At the same time, European shipyards are emphasizing innovation and quality, targeting niche markets with high-value vessels.
However, challenges remain, including fluctuating raw material costs and supply chain disruptions. The upcoming months will be critical in determining how these trends evolve in response to global market demands.
Lloyd’s Register Stands No. 1 in the New building orderbook
| Classification Society | Millions of Gross Tonnage |
| Lloyd’s Register | 63.5 |
| American Bureau of Shipping | 53.9 |
| DNV | 53.5 |
| NKK | 31 |
| Bureau Veritas | 38.1 |
| CCS (China) | 22.9 |
| Korean Register | 5.8 |
Source: I H S database
