Commercial shipbuilding is still under pressure mid of 2016. Even though the global order book still exceeds the volume reached in 2006 and before, it is less than half of what it used to be in 2009. The shipyard capacities that have been built up can no longer be filled. During the first six months of 2016, the global order book has continued to decline, indicating that there are diminishing levels of activity at many of the world's shipyards. In the first half of 2016, shipyards worldwide recorded the lowest order intake for newbuildings since more than 20 years: only 189 merchant ships were ordered. More than half of all shipyards have left the market since 2008. Looking at commercial shipbuilding, the number of active shipyards fell from 590 in 2008 to 290 yards mid of 2016, around 21 % of active yards have only a single ship on order, and many yards have not reported any newbuilding contract since 2014.
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