Spanish shipbuilding is approaching pre-COVID levels in new contracts, but order book falls by 20%
The Ministry of Industry, Commerce and Tourism annual report puts 23 new units ordered, with an increase GT in 5% compared to 2020
Spanish shipbuilding industry closed 2021 with a slight improvement in terms of number of new contracts compared to 2020 data. If in the pandemic outbreak year the industry could only sign 18 ships, in 2021 figures rose up to 23 ships, 14 merchant and 9 fishing boats. 16 of the new contracts were signed with international shipowners (divided into 9 merchant vessels and 7 fishing vessels) and 7 for national shipowners, which added 2 small-sized fishing vessels and 5 merchant vessels. In total, the 23 vessels added 54,274 GT of capacity up, an increase of only 5% compared to 2020 data. The 23 vessels signed are close to 25 (with 63,610 GT, 15% more than previous year) from 2019, pre-pandemic year.
This is the only positive data that can be extracted from the quarterly newsletter on shipbuilding latest edition, published by the General Secretariat for Industry and SMEs of the Ministry of Industry, Trade and Tourism. The document, corresponding to last year’s Q4, also allows a full X-ray of how 2021 has gone for industry at a time of high uncertainty for the sector. Thus, although the number of contracts and GT has remained the same, national shipyards have registered a notable decrease in terms of GT workload. That is, the ships delivered have not been replaced in terms of capacity and buildings dimensions.
The order book, which despite everything added a new unit, standing at 45 vessels compared to 44 in 2020, fell by 20% in terms of gross tonnage to 162,773. In terms of working hours, calculated in CGT, the decrease was 18% (291,274). Merchant ships, 33 ships of the total order book, registered a decrease of 19% in GT and 17% in CGT. Fishing boats order book stood at 12 units, compared to 14 in 2020. In this category, the industry muscle lost is more evident: the reduction in GT was 26%, and 23% in CGT.
In 2021, 18 launches were made, compared to 20 in 2020. GT reduction was 34%. Finally, 21 units were delivered compared to 17 completed in the year of the pandemic. In this case, the number of GT built delivered rose by 291%, rising to 95,741.
Armón leading contracts, Zamakona leader in GT
In 2021, Armón Group reaffirmed its leadership in terms of new contracts. The group's shipyards signed 10 new ships of the 23 achieved by Spanish shipyards (6 for Navia; 3 for Vigo; and 1 Gijón), with a contribution of more than 8,200 GT as a whole and about 26,000 in terms of CGT. Zamakona, in second place, signed 5 new ships, although it is the leader in terms of size of the contracts with 15,804 GT and 34,934 CGT. Freire added 3 vessels of 6,588 GT and 20,508 CGT; Gondan other two units with 14,044 GT and 22,314 CGT; Murueta, two vessels (8,440 GT and 11,288 CGT); and Nodosa, which closes the list, added a ship of 1,161 GT and 3,656 CGT.
Grupo Armón is also at the top of orders in number of units, with 16 of the 45 constructions underway in Spanish shipyards in 2021. In terms of GT, the group's shipyards provide a workload of close to 20,400 tons. Zamakona had 7 ships in its portfolio totaling 23,000 GT. In third position, Gondán was placed, with 4 vessels in the portfolio and 28,088 GT.
Source: Industrias Pesqueras