Japanese orders soar 236pc to beat IMO's deadline for more costly ships
TO BEAT July 2016 deadline when more stringent United Nations' IMO shipbuilding standards kick in, Japanese shipyards' orders soared 236 per cent in September, reports IHS Maritiime 360.
Japan Ship Exporters Association (JSEA) members' yards won 40 orders totalling 1,525,550 gross tons in the month, up from 12 orders for 453,970 gross tons in September last year, according to JSEA figures.
IMO goal-based standards raise steel weight for bulkers and tankers by requiring wider and thicker timber in the construction of cargo holds.
JSEA said its members' 40 orders in September consisted of 10 container ships, 19 bulkers, two LNG carriers, two Suezmax tankers, two Aframax tankers, three general cargo vessels, and two ro-ro cargo ships.