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Japan’s new ship orders in September slip YoY

ABSTRACT

In September, Japan’s new ship orders from domestic customers and for export slipped by 0.4% on year to 935,550 gross ton (GT) in 22 vessels, according to new data released by the Japan Ship Exporters’ Association (JSEA) on October 12. Though this was the first decline after eight consecutive monthly on-year rises, a JSEA official said that vessel orders are improving, and that last month’s dip was just a pause.
Compared with August, the September order total was lower by a huge 23% but the official explained that August orders had been comparatively higher and that while the drop on-month appeared large, the slowdown in actual orders in September was because shipbuilders have started reflecting higher ship plate costs in new vessel prices. “We heard that

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