Shipyard delivery times – the period between an order placement and the ship delivery to its owner – offer a critical view into yard capacity and market demand.
Since 2020, the average delivery time has been gradually incresing for Container Ships, as well as Dry Bulkers, and Tankers. After 2022, the trend has been going upwards for all four major segments, including LNG carriers.
As a result, average delivery times are now averaging 3.2 years for Container Ships, while LNG carriers, especially from China, can be expected for delivery in almost 4.8 years.
China’s extensive production scale and lower labour costs make it a go-to choice for large-scale orders, especially Container Ships and Dry Bulkers.
Yet, it faces the challenge of adapting to stricter environmental regulations and improving skilled labour quality.
Our latest blog article dives deep in the current state of the newbuilding market for all vessel types in the global merchant fleet.
Source: Alphaliner
