Japan shipbuilding export orders soar

Japan shipbuilding export orders soar

The Japan Ship Exporters' Association said Thursday that its shipbuilders secured orders for 41 ships for export in July with a combined tonnage of 1.97 million gross registered tons, an increase of 124 percent year-on-year.

The group said the increase was spurred by orders for new double-hull tankers, on changes in international regulations following the sinking of the Prestige off the coast of Spain last year.

June orders hit an all-time high of 5.12 million grt, up 183 percent over the same period the previous year.

In July, export contracts for bulk carriers came to 21 vessels, compared with 13 in the same month last year, the association said.

Sixteen more contracts were signed for cargo ships with a combined tonnage of 851,800 grt, including 12 container vessels and four ro-ro carriers.

In the January-to-July period, Japanese shipbuilders secured ship export contracts for a total tonnage of 15.32 million grt, more than double the orders for 6.29 million grt a year ago.