Overseas inquiries remain flat as shipping market conditions fail to recover
First written in FY2017-Q3. 11 of 33 entries say "Mitigated", first in FY2018-Q2. Latest entry: 2026-05-15.
The whole theme swung hardest in 2020: 6 of 16 companies on the "Worse" side.
8 other companies' latest entry also says "Mitigated".
- FY2026-H1MitigatedAnnual report
「Orders for overseas projects have also recovered, particularly for tanker-related vessels, and inquiries have remained at a high and stable level.」
For overseas markets, it reports a recovery in orders, particularly for tankers, and inquiries remaining firm, indicating continued mitigation of the risk of stagnation in overseas inquiries. - FY2025MitigatedAnnual report
「Orders in overseas markets are recovering in Asia, and inquiries are also trending upward.」
It states that overseas orders in Asia are recovering and inquiries are also trending upward, easing the risk of stagnation in overseas inquiries. - FY2025-H1RestatedAnnual report
「In overseas projects, orders in Asia have also recovered, and inquiries, particularly for coastal chemical tankers, continue.」
It reconfirms the recovery in overseas orders in Asia and the continued inquiries for coastal chemical vessels. - FY2024MitigatedAnnual report
「Orders in overseas markets, particularly in Asia, are recovering, and the weaker yen has also led to an increase in the number of shipowners wishing to have their vessels built in Japan.」
It states that orders in overseas markets are recovering, particularly in Asia, and that the weaker yen has increased the number of shipowners wishing to have their vessels built in Japan, easing the risk of stagnation in overseas inquiries. - FY2024-Q3RestatedAnnual report
「Overseas markets are showing a gradual recovery, and the weaker yen has also led to the emergence of a number of construction projects in Japan.」
As in the previous quarter, it describes the gradual recovery in overseas markets and the emergence of construction projects in Japan as a result of the weaker yen. - FY2024-Q2MitigatedAnnual report
「Overseas markets are showing a gradual recovery, and the weaker yen has also led to the emergence of a number of construction projects in Japan.」
While overseas shipowners had been taking a wait-and-see stance because of the COVID-19 pandemic and high vessel prices, overseas markets are showing a gradual recovery, and construction projects in Japan have begun to appear, partly because of the weaker yen. - FY2024-Q1MitigatedAnnual report
「Many shipowners in overseas markets had been taking a wait-and-see stance because of the COVID-19 pandemic and high vessel prices, but clear progress toward construction can be seen, particularly among major shipowners, raising expectations for this trend to continue.」
While overseas shipowners continue to take a wait-and-see stance because of the COVID-19 pandemic and high vessel prices, it states that clear progress toward construction is being seen, particularly among major shipowners. - FY2023RestatedAnnual report
「Many shipowners had been taking a wait-and-see stance because of the COVID-19 pandemic and high vessel prices, but steel prices in both China and South Korea have begun to decline, and some shipowners are beginning to restart their construction plans, raising expectations for a recovery ahead.」
It reconfirms expectations for a recovery driven by the decline in steel prices in China and South Korea and the emergence of shipowners restarting construction plans, while noting that high vessel prices have led overseas markets to remain in a wait-and-see phase. - FY2023-Q3MitigatedAnnual report
「Many shipowners in overseas markets had been waiting to assess trends in steel prices and vessel prices, but steel prices in both China and South Korea have recently begun to decline, and some shipowners are restarting newbuilding plans, raising expectations for a recovery ahead.」
It states that steel prices in China and South Korea have begun to decline and that some shipowners are restarting newbuilding plans, indicating a partial easing of the wait-and-see stance in overseas markets. - FY2023-Q2MitigatedAnnual report
「Many shipowners in overseas markets had been waiting to assess trends in steel prices and vessel prices, but steel prices in both China and South Korea appear to have recently begun to decline, and some shipowners are restarting newbuilding plans, raising expectations for a recovery ahead.」
Compared with the previous wait-and-see stance among overseas shipowners, steel prices in China and South Korea have begun to decline and some shipowners are restarting newbuilding plans, indicating a partial easing of the stagnation in overseas markets. - FY2023-Q1RestatedAnnual report
「Similarly, in overseas markets, many shipowners are waiting to assess trends in steel prices, and only the minimum necessary projects are making progress.」
In overseas markets, shipowners continue to wait to assess steel prices, and only the minimum necessary projects are making progress. - FY2022SoftenedAnnual report
「Most projects in Southeast Asia have stalled because of the COVID-19 pandemic. Replacement construction plans for tankers and fishing boats are beginning to emerge in East Asia, but many shipowners are waiting to assess trends in steel prices, so significant growth is not expected for some time.」
Projects in Southeast Asia remain stalled, and although replacement construction plans are beginning to emerge in East Asia, significant growth is not expected because shipowners are taking a wait-and-see approach. - FY2022-Q3SoftenedAnnual report
「Most projects in Southeast Asia remain stalled because of the COVID-19 pandemic, while replacement construction plans for tankers and fishing boats are beginning to emerge in East Asia. However, many shipowners are waiting to assess trends in steel prices, and activity is expected to begin from the following fiscal year onward.」
Projects remain stalled in Southeast Asia, and replacement construction plans have emerged in East Asia, but shipowners’ wait-and-see stance has pushed back the start of concrete activity to the following fiscal year or later. - FY2022-Q2Stalled projects in Southeast Asia alongside replacement construction plans emerging in East AsiaAnnual report
「In overseas markets, most projects in Southeast Asia have stalled because of the COVID-19 pandemic, while replacement construction plans for tankers and fishing boats are beginning to emerge in East Asia. However, many shipowners are waiting to assess trends in steel prices, and activity is expected to begin from the second half of the current fiscal year onward.」
While projects remain stalled in Southeast Asia because of the COVID-19 pandemic, replacement construction plans for tankers and fishing boats are beginning to emerge in East Asia. However, shipowners are waiting to assess steel prices, and activity is expected to begin from the second half of the current fiscal year onward. - FY2021RestatedAnnual report
「In overseas markets, many projects have stalled amid the COVID-19 pandemic, but replacement construction projects for tankers and fishing boats in East Asia are beginning to emerge and are expected to lead to future underlying demand.」
While overseas projects remain stalled, expectations for replacement construction projects for tankers and fishing boats in East Asia continue. - FY2021-Q3Weakness in Southeast Asia alongside signs of recovery in East AsiaAnnual report
「In overseas markets, inquiries and orders for both main engines and components are weak, particularly in Southeast Asia, due to the spread of COVID-19, and this condition is expected to continue until the disease has subsided. Meanwhile, some signs of recovery are beginning to emerge in East Asia, including the sporadic appearance of replacement construction plans.」
While the spread of the disease continues to weigh on inquiries and orders for main engines and components in Southeast Asia, replacement construction plans are appearing sporadically in East Asia, indicating signs of a partial recovery. - FY2021-Q2Weakness across all overseas vessel types alongside signs of recovery in East AsiaAnnual report
「In overseas markets, activity across all vessel types has slowed because of the spread of COVID-19, resulting in weak inquiries for both main engines and components, with component sales particularly slowing sharply in Southeast Asia. Meanwhile, some markets are beginning to show signs of a gradual recovery in East Asia, including the emergence of replacement construction plans, and these are expected to lead to future underlying demand once the spread of the disease has subsided.」
It states that the spread of the disease has resulted in weak activity across all vessel types and weak inquiries for main engines and components, with component sales in Southeast Asia slowing sharply in particular. Meanwhile, replacement construction plans are appearing sporadically in East Asia, indicating signs of recovery. - FY2021-Q1RestatedAnnual report
「In overseas markets, activity in South Korea and China is slowing as the spread of COVID-19 has been added to the issue of US-China trade friction. Meanwhile, replacement construction projects for cargo vessels and tankers, mainly in Asia, are beginning to emerge and are expected to lead to future underlying demand once the spread of the disease has subsided.」
As in the previous period, it describes the slowdown in South Korea and China resulting from US-China trade friction and the spread of an infectious disease, along with expectations for replacement construction projects for cargo vessels and tankers in Asia. - FY2020WorsenedAnnual report
「In overseas markets, activity in South Korea and China is slowing as the spread of an infectious disease has been added to the issue of US-China trade friction. Meanwhile, replacement construction projects for cargo vessels and tankers, mainly in Southeast Asia, are beginning to emerge and are expected to lead to future underlying demand once the spread of the disease has subsided.」
The spread of an infectious disease has been added to US-China trade friction as a factor slowing overseas markets, and the slowdown in activity in South Korea and China is explicitly stated. Expectations for replacement construction projects in Southeast Asia are also noted. - FY2020-Q3RestatedAnnual report
「In overseas markets, activity in South Korea and China is slowing as the issue of US-China trade friction has intensified. Meanwhile, replacement construction projects for chemical tankers and fishing boats, mainly in Southeast Asia, are beginning to emerge and are expected to lead to future underlying demand.」
It maintains the view that activity in South Korea and China is slowing against the backdrop of US-China trade friction, while replacement construction projects in Southeast Asia are beginning to emerge. - FY2020-Q2RestatedAnnual report
「In overseas markets, activity in South Korea and China is slowing further as the US-China trade friction is added to the picture. Meanwhile, replacement construction projects for chemical tankers and fishing boats, mainly in Southeast Asia, are beginning to emerge and are expected to lead to future underlying demand.」
As in the previous quarter, it states that activity in South Korea and China is slowing against the backdrop of US-China trade friction, while replacement construction projects in Southeast Asia are beginning to emerge. - FY2020-Q1WorsenedAnnual report
「In overseas markets, activity in South Korea and China is slowing further as the US-China trade friction is added to the picture. Meanwhile, replacement construction projects for chemical tankers and fishing boats, mainly in Southeast Asia, are beginning to emerge and are expected to lead to future underlying demand.」
For overseas markets, it cites US-China trade friction as an additional adverse factor on top of the existing slowdown in South Korea and China. At the same time, it also notes that replacement construction projects in Southeast Asia are beginning to emerge. - FY2019RestatedAnnual report
「In overseas markets, activity in South Korea and China is slowing, but replacement construction projects for chemical tankers and fishing boats, mainly in Southeast Asia, are beginning to emerge and are expected to lead to future underlying demand.」
While noting the slowdown in activity in South Korea and China, it maintains the view that replacement construction projects for chemical tankers and fishing boats in Southeast Asia are beginning to emerge. - FY2019-Q3SoftenedAnnual report
「In overseas markets, uncertainty surrounding newbuilding activity remains, but replacement construction projects for chemical tankers and fishing boats, mainly in Southeast Asia, are beginning to emerge and are expected to lead to future underlying demand.」
Uncertainty surrounding newbuilding activity continues. Regarding replacement construction projects in Southeast Asia, the wording has changed from “beginning to increase” in the previous period to “beginning to emerge,” weakening the explicit indication of an increase in projects. - FY2019-Q2RestatedAnnual report
「In overseas markets, uncertainty surrounding newbuilding activity has still not been dispelled, but replacement construction projects for chemical tankers and fishing boats, mainly in Southeast Asia, are beginning to increase, which is expected to lead to future underlying demand.」
While uncertainty remains over newbuilding trends overseas, the view remains that replacement construction projects for chemical tankers and fishing boats, mainly in Southeast Asia, are beginning to increase. - FY2018MitigatedAnnual report
「Replacement construction projects for chemical tankers, cargo vessels and fishing boats are increasing, including in overseas markets and particularly in Southeast Asia.」
While overseas inquiries remain weak or flat, replacement construction projects, mainly in Southeast Asia, have progressed from “gradually increasing” to “increasing.” quantified:false, materialized:true. - FY2018-Q3RestatedAnnual report
「For overseas projects, replacement construction projects for chemical tankers, cargo vessels and fishing boats, mainly in Southeast Asia, are gradually increasing.」
It reconfirms that replacement construction projects for chemical tankers, cargo vessels and fishing boats, mainly in Southeast Asia, are gradually increasing. - FY2018-Q2MitigatedAnnual report
「For overseas projects, replacement construction projects for chemical tankers, cargo vessels and fishing boats, mainly in Southeast Asia, are gradually increasing.」
It states that replacement construction projects for chemical tankers, cargo vessels and fishing boats, mainly in Southeast Asia, are gradually increasing after previously remaining flat or weak. - FY2018-Q1WorsenedAnnual report
「For overseas projects, shipowners and shipyards involved in offshore activities, particularly in Southeast Asia, are facing difficult conditions following the long-term decline in crude oil prices, and inquiries have consequently remained weak. Meanwhile, replacement construction projects for chemical tankers, cargo vessels and fishing boats in East Asia are gradually making progress.」
In addition to the continued flat trend in overseas inquiries, it provides details on the difficult conditions facing offshore-related shipowners and shipyards in Southeast Asia and the resulting weakness in inquiries against the backdrop of long-term crude oil price declines. Meanwhile, replacement construction projects in East Asia are making progress. - FY2017Prolonged weakness in shipping market conditions alongside progress on replacement constructionAnnual report
「For overseas projects, inquiries remain flat as weak shipping market conditions persist, but replacement construction projects for tankers, cargo vessels and fishing boats in East Asia are also gradually making progress.」
Overseas inquiries remain flat because of weak shipping market conditions, but replacement construction projects for tankers, cargo vessels and fishing boats in East Asia are gradually making progress. - FY2017-Q3First statedAnnual report
「For overseas projects, the Trump effect has caused the exchange rate to move toward a weaker yen, but the number of inquiries remains flat because shipping market conditions themselves have not recovered.」
It states that, despite an exchange-rate environment favoring a weaker yen, the number of inquiries for overseas projects remains flat because shipping market conditions have not recovered.