Shipbuilding - China: Shipyard Chartbook #5: New order trend continued; gas carriers order accelerated

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Shipbuilding - China: Shipyard Chartbook #5: New order trend continued; gas carriers order accelerated

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Shipbuilding - China

Shipyard Chartbook #5: New order trend

continued; gas carriers order accelerated

Industry Overview

Tracking the high frequency shipyard data 23 June 2026

This report contains charts to track shipyard high frequency data including new vessel Equity

orders, vessel pricing, vessel deliveries, yards capacity and costs. New ordering China

momentum remained solid in May’26, reaching 4.5mn CGT (+91% YoY). 5M26 orders Shipbuilding

already accounted for 57% of 2025 full-year levels, keeping the market on track to Amy Han >>

surpass last year’s total. The global orderbook expanded 11.0%/10.5% vs. year-end in Research Analyst

CGT/USD terms. Gas carrier orders saw the strongest MoM and YoY growth in May, Merrill+852 3508Lynch5344(Hong Kong)

while tankers and containerships maintained solid YoY momentum. Newbuild prices amy.han@bofa.com

continued to trend higher MoM, with China’s index rising to 1.8% YoY. Meanwhile, yard Nathan Gee, CFA >>

Research Analyst

capacity tightened further, with forward cover extending for an 8th consecutive month Merrill Lynch (Singapore)

to 4.33 years from 4.22, reinforcing favorable supply-demand. +65 6678 0418

nathan.gee@bofa.com

Orders: May’26 new order up 91% YoY KJResearchHwangAnalyst>>

Global shipyards recorded 4.5mn CGT of new orders in May’26 (91% YoY), bringing Merrill Lynch (Seoul) +82 2 3707 0460

5M26 contracting to 57% of 2025 full-year levels. Chinese yards saw a modest share kj.hwang@bofa.com

loss, accounting for 47% of May orders versus 44% for Korean yards but still booked a Yuri Nishizaki >>

robust 2.1mn CGT (65% YoY). Gas carriers were the standout segment, with LNGC Research Analyst BofAS Japan