World Orderbook Highest In Two Years

The world orderbook has continued to increase, according to the latest figures released by Lloyd's Register.

The total tonnage of ships under construction and on order at the end of the second quarter in 1988 increased by 754,464 gross tons to 23.97 million gt, the highest figure in two years.

For the quarter ending June 30, Lloyd's Merchant Shipbuilding Return, a statistical summary of all seagoing self-propelled ships of 100 gt and above, on order or under construction worldwide, reveals that South Korea had the largest share of the world orderbook at 27 percent— up by 359,236 gt to reach 6.46 million gt.

In second place with a total of 5.77 million gt or 24 percent of the world orderbook was Japan. Japanese shipbuilding orderbooks showed an increase of 302,134 gt in total tonnage under construction or on order since the end of the previous quarter.

Other countries showing significant increases in their orderbooks included the People's Republic of China, Yugoslavia and the Federal Republic of Germany. The FRG showed a remarkable increase, jumping from 589,370 gt in June 1987 to 984,163 gt under construction or on order in June 1988.

Maritime Reporter Magazine, page 14,  Nov 1988

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