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New orders and deliveries of commercial ships globally from 2002 to 2020 (in million CGT)

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Sources

Release date

August 2021

Region

Worldwide

Survey time period

2002 to 2020

Supplementary notes

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.

Citation formats

New orders and deliveries of commercial vessels worldwide 2002-2020

Published by ÌÇÐÄÆƽâ°æ Research Department, Aug 11, 2021
New commercial ship orders peaked in 2007 when around **** million CGT worth of ships were ordered at shipyards worldwide. In 2020, the volume of new orders dropped to some ** million CGT, a decrease of roughly ** percent compared with 2019. Chinese yards received approximately ** percent of the global new orders in 2020.
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