September Global Ship Orders Drop 44% YoY... South Korea's Market Share at 39%

➀ Global ship orders in September fell 44% year-on-year to 3.5 million CGT (123 vessels), with South Korea securing 39% (1.35 million CGT, 33 vessels) and China 40% (1.42 million CGT, 69 vessels);➁ Cumulative orders from January to September declined 47% YoY to 32.64 million CGT, with South Korea holding a 22% share (7.34 million CGT) and China dominating at 56% (18.33 million CGT);➂ Clarksons Newbuilding Price Index dipped slightly to 185.58, with LNG carriers priced at $250 million, VLCCs at $126 million, and ultra-large container ships at $270 million.