The Shipbuilding Cycle — One Read
A daily-updated read on where shipbuilding sits and where it's heading. Each ship segment — crude and product tankers, dry bulk, LNG and LPG carriers, container ships and car carriers (PCTC) — is traced left to right through the cycle: the freight/owner-stock pulse lifts secondhand prices, owners respond by ordering, and the orderbook becomes future supply two to four years out. Market share shows who dominates each yard — China now builds over half of all tonnage and leads dry bulk, containers, car carriers and crude tankers, while Korea's Big-3 (HD Hyundai, Hanwha Ocean, Samsung Heavy) hold LNG (~70%), LPG and MR product tankers. The part monopolies that tax every yard are mapped too: GTT's near-total grip on LNG cargo containment, the Korea-China low-speed engine duopoly (HD Hyundai Engine, Hanwha Engine), POSCO marine steel plate, and Hankuk Carbon / Dongsung FineTec insulation. Owner baskets (Frontline, DHT, Scorpio, ZIM, Maersk) and freight ETFs (BDRY, BWET) update daily. Not investment advice.
This is an interactive map — enable JavaScript for the full visualization. Part of Muad'Dib Capital, the Atlas of the Physical Economy.
Featured in this map
- Crude tankers
- Dry bulk
- Product tankers
- LPG carriers
- Container ships
- Car carriers
- LNG carriers
- HD Hyundai HI
- Hanwha Ocean
- CSSC (Dalian)
- China yards (majority)
- Yangzijiang
- HD Hyundai Mipo (MR king)
- HD Hyundai / Hanwha
- China yards
- HDHD Hyundai HI (dominant)
- CSSC yards
- Korea Big-3
- China (CMHI/CSSC)
- HD Hyundai Mipo / global yards
- Samsung Heavy
- Hudong-Zhonghua
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