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BTJ 5/2017 - Focus: Baltic and European shipyards' performance in 2016

Publication date: 2017-10-31

Tags: highlights, focus

BTJ 5/2017 - Focus: Baltic and European shipyards' performance in 2016

The shipbuilding figures for 2016 look good, maybe even better than many would initially expect.

European shipyards delivered last year a total of 2.5 million Gross Tonnage (GT) units, more by 58% year-on-year. 

As a result, the continent's contribution to the global output rose to 4% for the first time since 2011. 

The order books look promising, too. At the end of 2016, Europe had 6.6% and 11% of all the orders worldwide, measured in GT and Compensated Gross Tonnage (CGT), respectively.

Passengers and guns only, by Marek Błuś

The 5/2017 issue of Baltic Transport Journal in the Focus section features also:

  • Rebound. Supply/demand and earnings improving but shipyards will have to fight for survival, by Dr Adam Kent, Director, Maritime Strategies International (MSI)

A sustained reduction in newbuilding contracts has at last begun to move the order book into closer balance with an improving demand picture. But despite some major market indicators moving into improving trajectories, shipyard prices may continue to fall. Too many yards still have too little forward cover, and even those considered high quality facilities must be considered at risk of closure.

PDF preview of BTJ 5/2017

BTJ 5/2017 - Focus

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