Among them, the "China newbuilding price index" compiled mature theory of index-based, fully consider the "China factor" in domestic shipyards received new ship price as a benchmark, covering bulk carriers, container ships, oil tankers and liquefied gas carriers four categories ship. Newbuilding prices have turned but are still under pressure May 2018 China newbuilding market | for internal use 10 Mill USD Index VLCC Capesize 3,600 - 3,800 teu Newbuilding price index Change since bottom in 2017 +8% +5% +10% +12%. www.clarksons.com Newbuilding price for Aframax in Korea and China The newbuilding price index peaked at 140 in June last year, before steadily sliding and reaching 132 as of June 19 this year. Worryingly, the decline has been more rapid this year, with the index falling from 137.5 recorded in January, to 132.9 in May.