(1) General Condition
The shipbuilding industry of Japan constructs about one-half of the world's
new shipbuilding volume.
As a whole, the construction volume of newly-built vessels for the fiscal
year of 1973 showed an increase of 16.8% in gross tonnage in comparison to the
preceding fiscal year as shown in Table
II-(IV)-1 due to the sharp increase in export vessels. Above all, the increase
of construction volume of export vessels in the small and medium shipbuilding
industries was conspicuous and showed an increase of 140.47o. This is due to
the fact that the demand for coastal cargo vessels which suit the facility scale
of small and medium shipbuild ing industries suddenly increased.
The amount of orders received for newly-built vessels greatly exceeded that
of the preceding fiscal year which was the past maximum and recorded the highest
in history. The majority of these order acceptances were for those in which
agreements had been concluded in the first half-year of fiscal 1973 and in entering
the latter half of fiscal 1973, new acceptance of orders came to take a pause
and after the oil shock at the year end of 1973, the market condition keeps
on worsening and the future remains gloomy.
(Table II-(IV)-2)
The unfilled work volume for newly-built vessels in the fiscal year of 1973
was about 62 million gross tons (Lloyd's Register of Shipping Statistics) and
marked the highest in history with a 42% increase in comparison to the same
period ofthe preceding fiscal year. Among these, about 50% are those for which
orders have been accepted during the fiscal year of 1973. In observing this
unfilled work volume from conventional work results, it corresponds to about
4 years work.
Next, in observing the condition of vessel export of Japan, we find that
the construction volume of export vessels is 12,790,000 gross tons in the fiscal
year of 1973. In the order acceptance volume according to type of vessel, we
find that the order acceptance volume of oil tankers centered around ultra large
type of vessels of more than 200,000 dead weight tons (283 vessels, 22,680,000
gross tons) has increased and occupies 82% of the total order acceptance volume.
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