New Order Volume Declines by 51 Ships Month-on-Month; Chinese Shipyards Secure the Most Orders, South Korea Ranks Second

According to the latest statistics from Clarksons (as of November 9, 2025), global new ship orders in October 2025 totaled 134 vessels, corresponding to 2,920,231 CGT. Compared with global new orders of 185 vessels (4,590,913 CGT) in September 2025, the number decreased by 51 vessels month-on-month, and the compensated gross tonnage (CGT) fell by 36.39% month-on-month. Compared with global new orders of 191 vessels (4,676,633 CGT) in October 2024, the number decreased by 57 vessels year-on-year, and the CGT dropped by 37.56% year-on-year.

By ship type, there were 58 bulk carriers, totaling 4,821,538 deadweight tons (DWT); 18 oil tankers, totaling 4,175,897 DWT; 9 chemical tankers, totaling 199,798 DWT; 20 container ships, totaling 84,920 TEUs; 4 liquefied gas carriers, totaling 77,800 cubic meters; 2 other vessel types, totaling 4,160 CGT; and 23 offshore vessels, totaling 335,700 CGT.

By order type, new bulk carrier orders included 3 Capesize bulk carriers, 38 Panamax bulk carriers, 15 Supramax bulk carriers, and 2 Handysize bulk carriers. New oil tanker orders included 12 VLCCs, 3 Suezmax tankers, and 3 small tankers. New container ship orders included 2 Post-Panamax container ships, 12 Panamax container ships, and 6 Handy container ships.

By country of receiving shipyards, in October, global new ship orders totaled 134 vessels, corresponding to 2,920,231 CGT. Among these, Chinese shipyards received 98 vessels (2,119,554 CGT); Japanese shipyards received 4 vessels (131,301 CGT); South Korean shipyards received 9 vessels (520,647 CGT). Their CGT shares accounted for 72.58%, 4.50%, and 17.83% of global new ship orders, respectively.

From January to October 2025, new ship orders totaled 1,648 vessels, corresponding to 96,248,118 DWT. Compared with 3,415 vessels (171,317,387 DWT) during the same period in 2024, the number of vessels and deadweight tonnage decreased by 51.74% and 43.82% year-on-year, respectively.

By ship type, bulk carriers numbered 255 vessels (23,334,552 DWT); oil tankers numbered 149 vessels (20,902,725 DWT); chemical tankers numbered 129 vessels (3,587,258 DWT); container ships numbered 471 vessels (3,646,600 TEUs); liquefied gas carriers numbered 90 vessels (5,537,846 cubic meters); offshore vessels numbered 308 vessels (2,198,129 CGT); and other vessel types numbered 246 vessels (4,960,621 CGT).

By country, China secured 950 new orders (22,783,283 CGT); Japan secured 164 new orders (2,499,011 CGT); South Korea secured 188 new orders (8,079,090 CGT). Their CGT shares accounted for 58.99%, 6.47%, and 20.92% of global new ship orders, respectively.

Global order backlog stands at 6,274 vessels; Chinese shipyards hold 4,186 vessels, accounting for 66.72% of the global market share.

According to statistics, as of November 9, 2025, the global shipyard order backlog was 6,274 vessels, totaling 167,785,039 CGT. Compared with the 6,301 vessels (167,836,812 CGT) recorded as of October 9, 2025, the number of vessels in the order backlog decreased by 0.43% month-on-month, and the CGT decreased by 0.03% month-on-month.

Among these, Chinese shipyards held an order backlog of 4,186 vessels (102,583,560 CGT), accounting for 66.72% of the global market share in terms of vessel number and 61.14% in terms of CGT. Japanese shipyards held an order backlog of 724 vessels (13,163,752 CGT), accounting for 11.54% of the global market share in terms of vessel number and 7.85% in terms of CGT. South Korean shipyards held an order backlog of 670 vessels (33,632,313 CGT), accounting for 10.68% of the global market share in terms of vessel number and 20.04% in terms of CGT.

By major ship type, the order backlog for bulk carriers was 1,406 vessels (117,065,372 DWT); for oil tankers, it was 1,512 vessels (112,037,463 DWT); for container ships, it was 1,111 vessels (10,416,731 TEUs).

The global order book stands at 6,274 vessels, with Chinese shipyards holding 4,186 vessels, accounting for 66.72% of the global market share.

 According to statistics, as of November 9, 2025, the global shipyard order book totaled 6,274 vessels, representing 167,785,039 CGT. Compared to the 6,301 vessels (167,836,812 CGT) recorded as of October 9, 2025, the number of vessels in the order book decreased by 0.43% month-on-month, while the CGT saw a slight decline of 0.03% month-on-month.

Among these, Chinese shipyards held an order book of 4,186 vessels (102,583,560 CGT), accounting for 66.72% of the global market share in terms of vessel count and 61.14% in terms of CGT. Japanese shipyards held an order book of 724 vessels (13,163,752 CGT), representing 11.54% of the global market share in terms of vessel count and 7.85% in terms of CGT. South Korean shipyards held an order book of 670 vessels (33,632,313 CGT), accounting for 10.68% of the global market share in terms of vessel count and 20.04% in terms of CGT.

In terms of major ship types, the order book for bulk carriers stood at 1,406 vessels (117,065,372 DWT), for oil tankers at 1,512 vessels (112,037,463 DWT), and for container ships at 1,111 vessels (10,416,731 TEU).

Completion volume decreased by 6.33% month-on-month, with bulk carriers and chemical tankers seeing the most deliveries.

In October 2025, global shipyards delivered a total of 204 new vessels, amounting to 8,890,301 deadweight tons (DWT). Compared with the delivery of 266 new vessels (9,491,231 DWT) in September 2025, this represents a month-on-month decrease of 23.31% in the number of vessels and a 6.33% decrease in deadweight tonnage. Compared with the delivery of 234 new vessels (7,641,594 DWT) by global shipyards in October 2024, the number of vessels decreased by 12.82% year-on-year, while the deadweight tonnage increased by 16.34% year-on-year. By ship type, the number of bulk carrier deliveries was 51 vessels, totaling 3,903,472 deadweight tons; the number of container ship deliveries was 15 vessels, totaling 182,470 TEU; the number of oil tanker deliveries was 13 vessels, totaling 948,202 deadweight tons; the number of chemical tanker deliveries was 23 vessels, totaling 718,628 deadweight tons; the number of liquefied gas carrier deliveries was 15 vessels, totaling 1,780,700 cubic meters; the number of offshore vessel deliveries was 51 vessels, totaling 77,344 deadweight tons; and the number of other vessel type deliveries was 36 vessels, totaling 257,192 deadweight tons. From January to October 2025, global shipyards delivered a total of 2,640 new vessels, amounting to 83,083,238 deadweight tons. Compared with the delivery of 2,627 new vessels (77,113,996 DWT) during the same period in 2024, the number of vessels increased by 0.49% year-on-year, and the deadweight tonnage increased by 7.74% year-on-year. By ship type, the number of bulk carrier deliveries was 451 vessels, totaling 31,575,666 deadweight tons; the number of container ship deliveries was 224 vessels, totaling 1,855,021 TEU; the number of oil tanker deliveries was 178 vessels, totaling 11,905,984 deadweight tons; the number of chemical tanker deliveries was 190 vessels, totaling 5,334,988 deadweight tons; the number of liquefied gas carrier deliveries was 112 vessels, totaling 13,581,090 cubic meters; the number of offshore vessel deliveries was 1,008 vessels, totaling 1,943,625 deadweight tons; and the number of other vessel type deliveries was 477 vessels, totaling 4,084,747 deadweight tons.

Bulk carrier prices fell, while tanker and container ship prices remained flat.

 In October, the newbuilding price index for bulk carriers decreased by 1 point month-on-month to 167 points; the newbuilding price indices for tankers and container ships remained unchanged month-on-month at 212 points and 116 points, respectively.

In October, among bulk carriers, only the price of Capesize bulk carriers (180/182K DWT) declined month-on-month, while prices for other types of bulk carriers remained stable. Specifically, the price of Capesize bulk carriers (180/182K DWT) fell by $5 million to $73 million. Prices for Panamax bulk carriers (82/84K DWT), Supramax bulk carriers (61/64.5K DWT), and Handysize bulk carriers (25/30K DWT) remained unchanged month-on-month at $36.25 million, $33.25 million, and $26.26 million, respectively.

For tanker newbuilding prices, except for the Suezmax tanker (156-158K DWT), which experienced a month-on-month decline, prices for all other tanker types remained stable. The price of Suezmax tankers (156-158K DWT) decreased by $5 million to $85 million. Prices for VLCC (315-320K DWT), Aframax tanker (113-115K DWT), Panamax tanker (73-75K DWT), and Handysize tanker (47-51K DWT) remained unchanged month-on-month at $126 million, $72 million, $59 million, and $48.5 million, respectively.

For container ship newbuilding prices, except for the Post-Panamax container ships (22,000-24,000 TEU and 13,000-13,500 TEU) and the Panamax container ship (8,500-9,500 TEU), which saw month-on-month declines, prices for all other container ship types remained flat. The prices of Post-Panamax container ships (22,000-24,000 TEU and 13,000-13,500 TEU) and the Panamax container ship (8,500-9,500 TEU) fell by $5 million, $22.5 million, and $10 million to $266.5 million, $174.25 million, and $129 million, respectively. Prices for Panamax container ships (3,700-4,500 TEU), Sub-Panamax container ships (2,600-2,900 TEU), and Handy container ships (1,850-2,100 TEU and 1,000-1,200 TEU) were $60.5 million, $45 million, $32 million, and $24.25 million, respectively.