Struggles facing shipbuilders this year have been laid bare in a new report by Banchero Costa.
Data from the shipbroker shows that Shanghai-Waigaoqiao Shipbuilding was the only yard to take its orders out of single figures across the dry cargo and tanker sectors in the first half of 2016.
Its 14 ship share of a vast Valemax contract meant it was comfortably the top performer in the bulker market, the brokerage says.
Jiangsu New Yangzi and Qingdao Beihai were placed second and third with six and five ships respectively over the period.
In the crude tanker arena, the brokerage says Japan Marine United, with five ships over 78,000-dwt secured, was the best performer in the first half of 2016.
Hyundai Heavy Industries placed second with just four tankers. DSME and Hyundai Samho shared third spot with two each, with no other yards registering in the size range.
Products tankers did not prove any easier to sell, with Sungdong haul of four ships between 30,000 and 119,000-dwt in the first half of the year the best performance among yards, Banchero Costa says. Second placed Hyundai Mipo clocked up just three.
