New commercial ship orders peaked in 2007 when around 85.5 million CGT worth of ships were ordered at shipyards worldwide. In 2020, the volume of new orders dropped to some 19 million CGT, a decrease of roughly 12 percent compared with 2019. Chinese yards received approximately 40 percent of the global new orders in 2020.
New orders and deliveries of commercial ships globally from 2002 to 2020
(in million CGT)
CGT stands for compensated gross tonnage. Compensated gross tonnage indicates the workload needed to produce a ship. It is calculated by multiplying the ship tonnage by a coefficient dependent on the ship size and type.
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Statista. (August 11, 2021). New orders and deliveries of commercial ships globally from 2002 to 2020 (in million CGT) [Graph]. In Statista. Retrieved November 05, 2024, from https://www.statista.com/statistics/1256923/global-new-orders-and-deliveries-of-ships-ctg/
Statista. "New orders and deliveries of commercial ships globally from 2002 to 2020 (in million CGT)." Chart. August 11, 2021. Statista. Accessed November 05, 2024. https://www.statista.com/statistics/1256923/global-new-orders-and-deliveries-of-ships-ctg/
Statista. (2021). New orders and deliveries of commercial ships globally from 2002 to 2020 (in million CGT). Statista. Statista Inc.. Accessed: November 05, 2024. https://www.statista.com/statistics/1256923/global-new-orders-and-deliveries-of-ships-ctg/
Statista. "New Orders and Deliveries of Commercial Ships Globally from 2002 to 2020 (in Million Cgt)." Statista, Statista Inc., 11 Aug 2021, https://www.statista.com/statistics/1256923/global-new-orders-and-deliveries-of-ships-ctg/
Statista, New orders and deliveries of commercial ships globally from 2002 to 2020 (in million CGT) Statista, https://www.statista.com/statistics/1256923/global-new-orders-and-deliveries-of-ships-ctg/ (last visited November 05, 2024)
New orders and deliveries of commercial ships globally from 2002 to 2020 (in million CGT) [Graph], Statista, August 11, 2021. [Online]. Available: https://www.statista.com/statistics/1256923/global-new-orders-and-deliveries-of-ships-ctg/