Global Shipyard Logbook May

The global shipbuilding sector saw a strong rebound in April 2026, with new orders increasing 28% MoM and prices rising for the first time this year. China led the market with a 67% share, supported by significant orders for tankers, bulkers, and containerships.

Key Takeaways

• 1.Global new ship order volume and value both recorded positive year-on-year growth and reversed a month-on-month decline trend in April 2026.
• 2.Shipbuilding prices improved across all major vessel types, with the Clarkson newbuilding price index rising 0.7% MoM to 183.
• 3.China's market share in new orders rebounded significantly to 67%, while Korea's share slid to 16%, though Korea maintains dominance in LNG carriers.

Table of Contents

• Global Shipyard Logbook May
• New ship orders volume and value
• Orderbook and newbuild price
• Shipbuilding cost trends
• New contract order and orderbook for our covered shipbuilding companies
• Investment Thesis - Guangdong Songfa Ceramics
• Investment Thesis - Yangzijiang Shipbuilding
• Investment Thesis: Mitsui E&S
• Investment Thesis - Namura Shipbuilding Co.

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