July ship orders dip

PUBLISHED : Wednesday, 30 August, 1995, 12:00am
UPDATED : Wednesday, 30 August, 1995, 12:00am

THE number of approved newbuildings at Japanese shipyards last month was down substantially from June to 15 ships.

In terms of tonnage, the weight was 380,000 gross tonnes (gt), down 46.7 per cent, according to the Ministry of Transport (MOT).

The April-July accumulated total of newbuildings came to 122 ships totalling more than 3.2 million gt, down 25.8 per cent from the second quarter of last year.

The ministry said there was an unusually sharp decline in newbuilding starts in July, but the situation would improve this month.

The July newbuilding starts were a 4,280 gt tanker for domestic use and 14 ships for export, totalling 429,310 gt.

Of the export orders, only one ship would be exported, with the remaining 13 vessels coming under Japanese control.

The 14 export orders included one cargo ship, eight break bulkers (seven Handysize and a Capesize), two reefers, one double-hulled very large crude carrier, one chemical tanker and one LPG carrier.

Of the 15 newbuildings approved in July, three would be constructed on a dollar-denominated cash basis and the remaining 12 on a yen-denominated cash basis.

Five ships will be delivered this year, nine next year and one in 1997.