Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Japan received 19 export orders totaling 971,441gt (987,030mt) in February 2021 according to Japan’s Ship Exporters Association (JSEA) data. The lot included nine bulk carriers, five tankers, and five cargo ships with 11.4pc of tonnage for FY2021 and 86.6pc for FY2022. 


Orders in February dropped by 19.6pc in terms of volumes compared to 1.2mn gt in 31 ships in the previous months. However, they increased by 46pc against 665,000gt in February 2020, a period affected by the beginning of COVID-19 containment policies worldwide.


Total export orders in the first two months of 2021 increased by 54.6pc to 2.2mn gt, against the same period last year, JSEA noted. For the two-month period, Japan’s ship deliveries dropped by 45.2pc in tonnage to 40 ships totaling 1.7mn gt compared to the same two months a year ago. 


Delivered ship orders for February fell by 33.6pc to 15 ships totaling 675,172gt against 1mn gt in January from 25 ships. During the April 2020-February 2021 period, Japan’s export orders of 149 ships totaling 7.4mn gt were down 4.5pc compared to the same period the previous year. 

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