Description
Global Shipbuilding Order Backlog (Cumulative Value) is a significant indicator published by various maritime industry organizations. This indicator measures the total value of ship orders received but not yet completed worldwide. It is commonly used to assess current demand and future activity in the global shipbuilding industry. A higher order backlog typically reflects strong demand and potential growth, while a lower backlog may suggest industry downturn.
The shipbuilding order backlog is calculated by accumulating the value of all uncompleted ship orders globally. The statistical scope includes orders for various types of vessels, such as cargo ships, tankers, and passenger ships. The value is usually reported in currency terms (e.g., US dollars).
This data is typically updated quarterly, providing the latest trends and changes in the global shipbuilding market.