Shipbuilding orders fall

PUBLISHED : Wednesday, 21 June, 1995, 12:00am
UPDATED : Wednesday, 21 June, 1995, 12:00am

JAPANESE shipyards received permits to build 34 ships for export and two vessels for the domestic market, totalling 810,000 gross tonnes in May.

The contracted value of the vessels totalled 99.79 billion yen (about HK$908 million).

The figures were down by five vessels and 330,000 gross tonnes from April, according to figures published by the Ministry of Transport.

The domestic permits were for an LPG carrier and a car ferry totalling 47,000 gross tonnes. Of the export orders, 24 were for cargo ships totalling 650,000 gross tonnes, and 10 tankers aggregating 110,000 gross tonnes.

Bulk carriers included 13 Handysize, two Capesize and one Panamax vessel.

Contracts for nine vessels were signed in US dollars. Twenty vessels are to be delivered in fiscal 1995 - ending in March 1996, 15 in fiscal 1996 and one in 1997. Customers included businesses in Liberia and Belgium.