Morgan Stanley expects the new shipbuilding price index since June 2014 has been a downward trend, and the trend will continue until 2016.

It is reported that the new shipbuilding price index in June 2014 reached the highest peak of 140 points, followed by a steady decline in June 19, 2015 has dropped to 132 points. But the concern is that the decline in 2015 was much faster, the rapid decline in January from 132.9 in May to 137.5.

Morgan Stanley said the new shipbuilding price index fell by a number of factors, including the Japanese shipyard aggressive bidding strategy, the expansion of capacity and the increase in shipbuilding. But China's shipbuilding capacity since 2013 began to decline, many small shipyard has been out of the shipbuilding industry.

The decline in the index is also affected by the loss of the South Korean shipyard in 2014 to accumulate losses. But South Korean shipbuilders but not worried because the new ship orders to concentrate on container ships, tankers and other types of ships and ship price remained stable.

On the market, of a 13 000 TEU Container Ship newbuilding prices have been from 1.17 billion U. s.dollars fell to $1.16 billion; and a ship 8800TEU container ship price has been rising the $100 million, rose to $89 million; super large bulk cargo ship of the average prices from a decrease of $58 million to $50 million.

Securities Arctic analysts have also said, STX Dalian and more Chinese shipyard bankruptcy or will lead to a further decline in the cost of the new ship. Analysts said the current global shipyard capacity remains an excess, while the demand for goods transportation has continued to decline in the past 12 months. There is no doubt that in the future there will be more and more shipyard facing crisis. This will make the new ship construction costs continue to decline, because the competition between the shipyard has not only for profit but also for survival.