It is a well-known fact that the share of Asian and especially Chinese shipyards of the worldwide shipbuilding market[ds_preview] has risen constantly in the last decades. New data from VesselsValue, exclusively prepared for HANSA, show some details of this development, focused on orders by German shipowners, who wrote a story of success – or at least pursued an unprecendented strategy of a massive fleet expansion.
In lockstep with the massive growth of the German merchant fleet, the market share of first Japan and South Korea, since the end of the 1990s as well the one of China rose and rose. On the contrary, orders placed in »other« regions like Germany and more general in Europe, shrinked continuously.
However, the data also show that the whole industry has been facing a drop in newbuilding orders since the beginning of the huge shipping crisis.
