Ship and Sea Depth Research · 2026-11-03
4.2 years or 2.1 years: Two numbers don’t add up in an order book report
BIMCO gave Chinese shipyards two production capacity coverage years. The first half can be recalculated, but the second half cannot be calculated - the worse half is the production capacity that it said it has not yet built.
BIMCO says that Chinese shipyards must expand production to complete delivery in 2028, but it assumes that production capacity has been expanded to the planned level when calculating the coverage period. The two statements are independent of each other, but they offset each other when put together. A complete calculation table is attached.
BIMCOOrder in handCapacity coverageshipbuilding capacityorder bookCGTcaliber