Japan has the largest orderbook in the world

Japan has the largest orderbook in the world

Japanese owners boast the world’s largest orderbook, according to data from Clarksons Research. While the Asian nation might be behind market leader Greece and neighbour China in terms of its existing fleet, Japan’s orderbook is by far the largest  in the world, more than 40% bigger than Greece’s.

With data available from December 1, Japan has 25.2m gt on order, equivalent to 15% of its extent fleet. China has the second largest orderbook, with 20.5m gt on order while Greece, which has led the world when it comes to S&P for the last couple of years, is in third spot with 17.5m gt.

Once again it is the Greeks who have dominated the sale and purchase markets in 2018. The latest world fleet update from Clarkson Research Services shows worldwide 1,653 vessels of a combined 49.4m gt have been sold on the secondhand markets in the year to date. This represents a 7% decrease in gross tonnage terms over 2017’s record figure.

“Greek owners have been the most active buyers and sellers of tonnage in the year to date, purchasing a reported 284 units of a combined 14.8m gt and selling 216 units of a combined 10.6m gt,” Clarkson noted.

The Greek fleet remains the world’s largest with 5,555 vessels at an average age of 14.9 years worth a total of $104.5bn. The Greek fleet today stands at 223.1m gt, up from 2017’s total of 216.6m gt.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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