Number of new orders increased by 21 ships month-on-month, Chinese shipyards received the most orders, South Korea ranked second.
According to the latest data from Clarksons (as of December 9, 2025), global new orders in November 2025 amounted to 168 ships, totaling 5,528,133 CGT. Compared to global new orders of 147 ships, totaling 3,109,300 CGT in October 2025, the number increased by 21 ships month-on-month, and the compensated gross tonnage rose by 77.79% month-on-month. Compared to global new orders of 198 ships, totaling 5,192,849 CGT in November 2024, the number decreased by 30 ships year-on-year, while the compensated gross tonnage increased by 6.46% year-on-year.
In terms of ship types:
Bulk carriers: 23 ships, totaling 2,165,100 deadweight tons (DWT).
Tankers: 43 ships, totaling 9,871,600 DWT.
Chemical tankers: 4 ships, totaling 181,600 DWT.
Container ships: 54 ships, totaling 471,280 TEU.
Liquefied gas carriers: 3 ships, totaling 365,000 cubic meters.
Other ship types: 25 ships, totaling 853,210 CGT.
Offshore vessels: 16 ships, totaling 148,660 CGT.
In terms of order types:
Bulk carriers: 4 Capesize bulk carriers, 10 Panamax bulk carriers, 9 Supramax bulk carriers.
Tankers: 24 VLCCs, 7 Suezmax tankers, 10 Aframax tankers, and 2 Panamax tankers.
Container ships: 28 Ultra Large Container Ships, 10 Panamax container ships, 7 Sub-Panamax container ships, 6 Handy container ships, and 3 Feeder container ships.
From the perspective of shipyard countries:
In November, global new ship orders totaled 168 ships, with a combined 5,528,133 CGT. Among these, Chinese shipyards received 113 orders, totaling 2,974,359 CGT; Japanese shipyards received 2 orders, totaling 11,938 CGT; and South Korean shipyards received 40 orders, totaling 1,971,122 CGT. In terms of CGT, they accounted for 53.80%, 0.22%, and 35.66% of global new ship orders, respectively.
From January to November 2025, new ship orders totaled 1,957 ships, with a combined deadweight tonnage of 118,966,005 DWT. Compared to the 3,675 ships and 183,930,177 DWT in new orders during the same period in 2024, the number of ships and deadweight tonnage decreased by 46.75% and 35.32% year-on-year, respectively.
In terms of ship types for this period:
Bulk carriers: 298 ships, totaling 26,790,252 DWT.
Tankers: 197 ships, totaling 30,806,051 DWT.
Chemical tankers: 144 ships, totaling 3,957,408 DWT.
Container ships: 560 ships, totaling 4,312,504 TEU.
Liquefied gas carriers: 93 ships, totaling 5,902,846 cubic meters.
Offshore vessels: 370 ships, totaling 2,547,798 CGT.
Other ship types: 295 ships, totaling 6,275,517 CGT.
From a national perspective for this period:
China received 1,165 new orders, totaling 27,563,449 CGT; Japan received 173 new orders, totaling 2,531,851 CGT; and South Korea received 228 new orders, totaling 10,044,567 CGT. In terms of CGT, they accounted for 59.48%, 5.46%, and 21.68% of global new ship orders, respectively.
Global Order Backlog Stands at 6,338 Ships, Chinese Shipyards Hold 4,231 Ships, Accounting for 66.76% of the Global Market Share
According to statistics, as of December 9, 2025, the global order backlog for shipyards is 6,338 ships, totaling 168,403,510 CGT. Compared to the 6,390 ships (169,602,965 CGT) recorded as of November 9, 2025, the number of orders in the backlog decreased by 0.81% month-on-month, while the compensated gross tonnage declined by 0.71% month-on-month.
Among these, Chinese shipyards hold an order backlog of 4,231 ships, totaling 104,794,106 CGT, accounting for 66.76% of the global market share in terms of the number of ships and 62.23% in terms of CGT. Japanese shipyards hold an order backlog of 706 ships, totaling 12,767,902 CGT, accounting for 11.14% of the global market share in terms of the number of ships and 7.58% in terms of CGT. Korean shipyards hold an order backlog of 699 ships, totaling 35,047,135 CGT, accounting for 11.03% of the global market share in terms of the number of ships and 20.81% in terms of CGT.
In terms of major ship types, the order backlog includes:
Bulk carriers: 1,399 ships, totaling 117,204,747 deadweight tons (DWT).
Tankers: 1,527 ships, totaling 119,924,344 DWT.
Container ships: 1,180 ships, totaling 10,957,385 TEU.
Completions Decrease by 11.19% Month-on-Month, Bulk Carriers and Chemical Tankers Lead in Deliveries
In November 2025, global shipyards delivered a total of 199 new ships, with a combined deadweight tonnage of 7,948,649 DWT. Compared to the 243 ships (8,950,041 DWT) delivered globally in October 2025, this represents a month-on-month decrease of 18.11% in the number of ships and an 11.19% decrease in deadweight tonnage. Compared to the 260 ships (6,188,064 DWT) delivered by global shipyards in November 2024, the number of ships decreased by 23.46% year-on-year, while deadweight tonnage increased by 28.45% year-on-year.
Breakdown by Ship Type for November:
Bulk Carriers: 44 ships, totaling 3,175,545 DWT.
Container Ships: 19 ships, totaling 133,639 TEU.
Tankers: 18 ships, totaling 1,182,260 DWT.
Chemical Tankers: 22 ships, totaling 704,303 DWT.
Liquefied Gas Carriers: 11 ships, totaling 1,118,300 cubic meters.
Offshore Vessels: 43 ships, totaling 350,934 DWT.
Other Ship Types: 42 ships, totaling 312,999 DWT.
January to November 2025 Cumulative Data:
From January to November 2025, global shipyards delivered a total of 2,963 new ships, with a combined deadweight tonnage of 91,143,049 DWT. Compared to the 2,902 ships (83,334,184 DWT) delivered globally during the same period in 2024, the number of ships increased by 2.10% year-on-year, and deadweight tonnage increased by 9.37% year-on-year.
Breakdown by Ship Type for January-November:
Bulk Carriers: 492 ships, totaling 34,692,853 DWT.
Container Ships: 245 ships, totaling 1,990,114 TEU.
Tankers: 202 ships, totaling 13,101,660 DWT.
Chemical Tankers: 214 ships, totaling 6,040,055 DWT.
Liquefied Gas Carriers: 123 ships, totaling 14,699,390 cubic meters.
Offshore Vessels: 1,144 ships, totaling 2,313,071 DWT.
Other Ship Types: 543 ships, totaling 4,513,284 DWT.
Newbuild Prices of Three Major Ship Types Show Mixed Trends
In November, the newbuild price index for bulk carriers increased by 1 point to 168 points; the newbuild price index for tankers remained unchanged month-on-month at 212 points; and the newbuild price index for container ships decreased by 1 point to 115 points.
In November, among bulk carriers, only the price of Capesize bulk carriers (180/182K DWT) rose month-on-month, increasing by $1 million to $74 million. Prices for other bulk carrier types remained flat month-on-month: Panamax bulk carriers (82/84K DWT) at $36.25 million, Supramax bulk carriers (61/64.5K DWT) at $33.25 million, and Handysize bulk carriers (25/30K DWT) at $26.26 million.
For tanker newbuild prices, only the prices of VLCCs (315-320K DWT) and Suezmax tankers (156-158K DWT) increased month-on-month, rising by $1.5 million and $1 million to $127.5 million and $86 million, respectively. Prices for other tanker types remained unchanged month-on-month: Aframax tankers (113-115K DWT) at $72 million, Panamax tankers (73-75K DWT) at $59 million, and Handysize tankers (47-51K DWT) at $48.5 million.
For container ship newbuild prices, only the prices of Ultra Large Container Ships (22,000-24,000 TEU and 13,000-13,500 TEU) and Panamax container ships (8,500-9,500 TEU) declined month-on-month, falling by $2.5 million, $1.25 million, and $1 million to $264 million, $173 million, and $128 million, respectively. Prices for other container ship types remained flat month-on-month: Panamax container ships (3,700-4,500 TEU) at $60.5 million, Sub-Panamax container ships (2,600-2,900 TEU) at $45 million, and Handy container ships (1,850-2,100 TEU and 1,000-1,200 TEU) at $32 million and $24.25 million, respectively.
